Traders pile into $82K Bitcoin calls ahead of $6B May 29 expiry
Key takeaways
- Deribit’s bitcoin open interest has overtaken BlackRock’s IBIT as traders position for a showdown between $75K max pain and $80K call wall.
- BTC is coasting near $77,000-$82,000 levels.
AI insight — what it means
Many investors are buying contracts that profit if Bitcoin rises before the May 29 deadline. This activity points to mixed views on where Bitcoin may head next without a clear direction.
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