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$6B Bitcoin options cluster at $82K strike ahead of May 29 expiry, signaling bullish bets.

Market News
21 May 2026
Crypto Briefing
View Source
Neutral
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About $6 billion in Bitcoin options are set to expire on May 29, with a significant concentration of open interest at the $82,000 strike price. This clustering indicates traders are betting on or hedging for a potential Bitcoin rally to new all-time highs. The event follows a similar large expiry in March that recalibrated market volatility without major price moves. Additionally, CME plans to start 24/7 Bitcoin futures and options trading on the same day, which could influence market dynamics during and after the expiry. Investors should watch open interest trends as they may impact Bitcoin’s price momentum near expiry.

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