Bitcoin’s $13.8B Expiry: Will BTC Hit $110K? Top Altcoin Picks
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Bitcoin is approaching its largest options expiry ever, totaling $13.8 billion on May 30th. The current price hovers around $108K, following a recent correction from a new all-time high above $109K. This $109K level is crucial; above it, 95% of put options ($6.5B) expire worthless, benefiting bulls significantly. Conversely, $3.8B in call options below this level would profit if Bitcoin stays above it. Institutional data shows strong corporate buying, with $1.9B in Bitcoin ETF net flow recently. While $79B in open interest in the futures market indicates bearish pressure, the current market bias leans bullish, with some experts predicting Bitcoin to reach $200K by year's end. The article suggests three altcoins to capitalize on this potential Bitcoin rally: BTC Bull Token ($BTCBULL), offering free Bitcoin airdrops to holders and a deflationary model; Solaxy ($SOLX), a Layer 2 scaling solution for Solana aiming to alleviate congestion; and Trump Dinner ($DINNER), a meme coin linked to a Donald Trump event. The article cautions that the crypto market is inherently volatile and advises careful investment and thorough due diligence.
