{"id":97692,"date":"2026-05-29T16:57:52","date_gmt":"2026-05-29T13:57:52","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=97692"},"modified":"2026-05-29T17:00:18","modified_gmt":"2026-05-29T14:00:18","slug":"glassnode-bitcoin-options-expiry-removes-price-barriers","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/glassnode-bitcoin-options-expiry-removes-price-barriers\/","title":{"rendered":"Glassnode: Bitcoin Options Expiry Removes Price Barriers"},"content":{"rendered":"<p>The leading cryptocurrency tested the $75,000 level ahead of a major options expiry. This high gamma zone held the price and contributed to a pullback to $72,500, Glassnode noted.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin retested the 75K strike, a high gamma zone that helped pull price down to 72.5K ahead of this morning\u2019s major options expiry.<\/p>\n<p>Here\u2019s what Bitcoin options data reveals about positioning, volatility expectations, and market sentiment beneath the surface. <a href=\"https:\/\/t.co\/14dzI2gSXb\">pic.twitter.com\/14dzI2gSXb<\/a><\/p>\n<p>\u2014 glassnode (@glassnode) <a href=\"https:\/\/x.com\/glassnode\/status\/2060325061882454352?ref_src=twsrc%5Etfw\">May 29, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Analysts recorded a brief spike in implied volatility (IV) to 35% during the sell-off. However, the figure quickly returned to 32%. Market participants viewed the price drop as a local correction.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-21497bf61d307122-5664224270546403-scaled.webp\" alt=\"HJe9MdJXQAEpbfp\" class=\"wp-image-280732\"\/><figcaption class=\"wp-element-caption\">Source: Glassnode.<\/figcaption><\/figure>\n<p>Demand for risk hedging decreased. The <span data-descr=\"an indicator in the options market reflecting the difference in implied volatility between put and call options with a 25% delta\" class=\"old_tooltip\">25-delta skew<\/span> remains positive at around 14%. This means that protection against a decline (put options) is still more expensive than call options, but the pressure from insurance buyers has weakened.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-e49e18071d4fb496-5664255088102789-scaled.webp\" alt=\"HJe9cO_XQAEW5Yo\" class=\"wp-image-280733\"\/><figcaption class=\"wp-element-caption\">Source: Glassnode.<\/figcaption><\/figure>\n<p>The premium for price fluctuation risk persists. Realized volatility increased from 24.5% to 28%, while expected volatility remains at 35%. The options market still anticipates sharper movements than Bitcoin shows on the chart.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-d94d93160325d0cc-5664273063817501.webp\" alt=\"HJe9t0fW8AM8PoV\" class=\"wp-image-280734\"\/><figcaption class=\"wp-element-caption\">Source: Glassnode.<\/figcaption><\/figure>\n<p>Order flows reached equilibrium. Purchases and sales of puts and calls were evenly distributed at 25% each. This indicates a lack of consensus on the future price direction.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-56503aba53dc4719-5664290546085341.webp\" alt=\"HJe9yS0WkAMSF4g\" class=\"wp-image-280735\"\/><figcaption class=\"wp-element-caption\">Source: Glassnode.<\/figcaption><\/figure>\n<p>After closing positions worth $8 billion at the $75,000 zone, the market cleared dominant levels. Gamma distribution began anew across a wide range of prices. Experts also noted profit-taking on insurance contracts at the $70,000 level, indicating reduced concerns about a deep decline.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-d88c48758c5b085a-5664306335270265.webp\" alt=\"HJe-NOdW0AQSBvj\" class=\"wp-image-280736\"\/><figcaption class=\"wp-element-caption\">Source: Glassnode.<\/figcaption><\/figure>\n<p>On May 28, CryptoQuant specialists <a href=\"https:\/\/forklog.com\/en\/news\/cryptoquant-highlights-bitcoin-buyer-shortage\">reported<\/a> that Bitcoin supply among long-term holders reached a historic high of 15.8 million BTC.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The leading cryptocurrency tested the $75,000 level ahead of a major options expiry. This high gamma zone held the price and contributed to a pullback to $72,500.<\/p>\n","protected":false},"author":1,"featured_media":97693,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin tested $75,000 before options expiry, pulling back to $72,500.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1273,1145],"class_list":["post-97692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-glassnode","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin tested $75,000 before options expiry, pulling back to $72,500.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=97692"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97692\/revisions"}],"predecessor-version":[{"id":97694,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97692\/revisions\/97694"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/97693"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=97692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=97692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=97692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}