Deribit Exchange Data Shows Bullish Bitcoin Bets Defy U.S. Yield Spike Volatility

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-19 11:58:55

Deribit exchange News -

Bitcoin surged past $107,000 early in the week, marking its highest level since January 24, before retreating to $102,000 during Asian trading hours. The cryptocurrency maintains an upward trajectory, forming higher highs and lows within an ascending channel. Market dominance climbed above 64%, reinforcing its leadership position.

Options traders display bullish conviction, with Deribit data revealing concentrated call open interest at $110,000, $115,000, and $120,000 strike prices for May 30 expiry. The $8 billion notional value in play underscores institutional appetite for upside exposure. Rising U.S. Treasury yields inject volatility, testing the resilience of crypto’s risk-on momentum.

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