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Looking at Bitcoin’s monthly chart, the market structure appears very rough and volatile. Based on the current price action, there is a significant possibility that BTC could fall below $60K again.
The geopolitical situation is escalating once more, and market sentiment is becoming increasingly uncertain. Overall market conditions appear highly risky at the moment.
Do not enter trades without proper technical analysis and risk management. Preserving capital is more important than chasing profits in such conditions.
Always do your own research (DYOR), use stop-losses, and avoid making emotional trading decisions.#TradeEagle75
Bitcoin is now trading around $73,300. It has already broken down the Inverse Cup and Handle pattern on the daily timeframe and is looking bearish. So, according to the pattern, we may see a 4-5% dump in Bitcoin. Keep an eye on it and stay tuned with us for further updates.
This chart shows Bitcoin Options Open Interest by Expiry from Coinglass, specifically on Deribit. Here’s the expanded breakdown:
What the Chart Means • Open Interest (OI) = total number of active options contracts that haven’t been closed. • Calls (green) = traders betting BTC price goes higher. • Puts (red) = traders betting BTC price goes lower. • The white curve = total notional value (USD value of contracts).
Key Expiry Dates & Market Interpretation
29 May 2026 (260529)
This expiry currently has: • 40.31K Put contracts • 45.94K Call contracts • $6.30B Notional Value
Meaning: • Massive liquidity concentration. • Calls slightly exceed puts → market leans bullish. • This is likely one of the major quarterly expiries institutions are positioning around.
26 June 2026 (260626)
This is the biggest cluster on the chart: • Extremely high call OI. • Huge notional spike near $9B–$10B.
Both show: • Large call dominance. • Strong long-term bullish expectations.
December expiry especially suggests: • Market participants pricing BTC significantly higher by end of 2026. • Long-dated options are commonly used by whales and funds.
Important Observations
1. Calls Dominate Overall
Across most expiries: • Green bars > red bars. • Indicates bullish sentiment.
2. Institutional Money Is Active
Deribit is heavily used by: • Funds • Market makers • High-net-worth traders
Large OI on far expiries usually means: • Strategic positioning • Hedging • Long-term directional bets
Why This Matters for BTC Price
High options OI can influence spot price because: • Market makers hedge positions. • Large expiries create “magnet levels.” • Volatility often increases near expiry dates.
This is Trade Eagle monthly profit report. Look at the accuracy of Trade Eagel. We are working tirelessly here so that our users can achieve profits like this. You too can earn consistent profits by following my strategies and guidance. With discipline and the right approach, opportunities like this will always be possible for you.
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