On April 25, 2025, the Bitcoin market experienced a real showdown: 76,709 options contracts, worth $7.2 billion, expired! ⏳💣

Despite this shock, Bitcoin remained strong, showing three consecutive weeks of gains. The market's resilience proves that investors are staying the course on an upward trend. 🚀


A tsunami of options... without major damage


Deribit data shows a put-to-call ratio of 0.73 – a sign that the majority of investors are betting on continued rises, with some even targeting a Bitcoin at $100,000! 🎯

The 'max pain' level (the point where losses for traders are maximized) was set at $86,000, well below the current price which floats above $94,000. 📈


Whales are quietly accumulating


Two strong signals show that the big players are at work:


  • Whales are strengthening their positions, with a historical accumulation score according to Glassnode. 🐋

  • Exchanges like Binance and Coinbase are seeing their bitcoins flee: the largest withdrawals since 2023 according to CryptoQuant. đŸŠâžĄïžâ›“ïž


Watch out for what comes next...


Even if the storm seems to have passed, experts from CoinPanel and Bitfinex warn: volatility could make a big return during the upcoming major options expirations, scheduled for May 30 and June 27. ⚡

Many contracts are now positioned around $95,000 and $100,000... either a springboard for new highs or a wall that is difficult to overcome. ⛰



Sources: Journalducoin.com