Bitcoin’s making waves today as traders gear up for a massive clash with the crypto’s biggest monthly options expiry of 2025, involving a staggering $13.8 billion in contracts. Optimistic bulls are fighting to boost Bitcoin’s price beyond $110,000 by May 30, hoping to rake in profits from $4.8 billion in call options But U.S. President Donald Trump’s recent tariff threats have rattled markets, slowing Bitcoin’s upward charge and putting the bulls’ plans in jeopardy. With strong ETF inflows and weak bearish positions, can Bitcoin news today signal a triumph for the bulls, or will global trade tensions tip the scales?
May 30 Bitcoin options open interest, USD. Source: Laevitas.ch
Bitcoin’s in the spotlight today, hovering at $108,545, as traders brace for a massive options expiry on May 30 the biggest of 2025. With $13.8 billion in open contracts on the table, the stakes are sky-high. Bitcoin bulls, fueled by a 25% price jump over the past month, have caught bears by surprise and are now aiming to drive the price above $110,000. Hitting that mark would let them cash in big on call options, which allow buying at a fixed price. According to Laevitas.ch, there’s $4.8 billion in call options between $110,000 and $114,000, towering over just $120 million in put options in that range.
On the flip side, those betting on a price drop hold $6.5 billion in put options, which profit if Bitcoin falls. But 95% of these are set below $109,000, meaning they’ll be worthless unless Bitcoin dips significantly. If Bitcoin stays near its current level, only $350 million in put options will matter at expiry, giving bulls a clear edge. Bitcoin news today suggests this imbalance could fuel a breakout, but external pressures like Trump’s tariffs are creating uncertainty.
Tariff Threats Disrupt the Rally
Bitcoin news today can’t ignore the impact of global trade tensions. Trump’s proposed tariffs, including 50% duties on Chinese goods and 25% on European imports, have sparked fears of a trade war. These threats have already shaken financial markets, with Bitcoin dropping 3% from its recent high of $111,900 after tariff news hit. The S&P 500 and Nasdaq have also stumbled, reflecting broader investor worries about inflation and economic slowdown. For Bitcoin, which some traders view as a “high-beta macro asset,” these macro headwinds are a hurdle.
Despite this, Bitcoin bulls remain hopeful. They point to Bitcoin’s resilience as a “digital gold” hedge against inflation, especially if the Federal Reserve cuts rates to counter tariff-driven price spikes. Posts on X echo this sentiment, with one user predicting Bitcoin could hit $116,000 if it clears $110,000, citing heavy short liquidations. However, bears are banking on a weaker economy to curb risk appetite, potentially dragging Bitcoin below $105,000 to salvage their put options.
ETF Inflows Bolster Bullish Bets
One bright spot in Bitcoin news today is the robust demand for U.S. spot Bitcoin ETFs. Between May 20 and May 22, these funds saw $1.9 billion in net inflows, signaling strong institutional buying above $105,000. This influx reduces the chances of a sharp price drop, as big players like hedge funds and asset managers continue to accumulate Bitcoin. The ETFs, approved in January 2024, have been a game-changer, channeling billions into Bitcoin and stabilizing its price during volatile periods.
Source: Laevitas.ch
The options market also shows bullish strategies dominating. On Deribit, a leading crypto derivatives platform, traders have favored “short call” and “bull call spread” tactics over the past two weeks. Short calls generate income if Bitcoin stays above a set price, while bull call spreads limit downside risk while betting on gains. These strategies suggest confidence in Bitcoin holding or exceeding $109,000, though some traders are hedging against unexpected drops.
Bears’ Last Stand in Futures Markets
Bears aren’t giving up without a fight. Bitcoin news today notes that the total open interest in Bitcoin futures is $79 billion, with significant short positions betting on a decline. If Bitcoin surges past $110,000, these shorts could face heavy losses, forcing traders to buy back Bitcoin to cover their positions, a move that could amplify the rally. But if bears manage to push Bitcoin below $105,000, they could activate more put options and limit their losses. Their hopes hinge on a broader market sell-off, possibly triggered by tariff-related fears or disappointing economic data.
Four Possible Outcomes
Bitcoin news today outlines four scenarios for the May 30 expiry, based on current trends and open interest data from Laevitas.ch:
$102,000–$105,000: Call options worth $2.75 billion face $900 million in puts, favoring bulls by $1.85 billion.
$105,000–$107,000: Calls rise to $3.3 billion against $650 million in puts, giving bulls a $2.65 billion edge.
$107,000–$110,000: Calls hit $3.7 billion versus $350 million in puts, with bulls ahead by $3.35 billion.
$110,000–$114,000: Calls soar to $4.8 billion against just $120 million in puts, favoring bulls by $4.7 billion.
The $110,000–$114,000 range offers the biggest payoff for bulls, potentially setting a new all-time high. But hitting this target requires overcoming tariff-driven volatility and maintaining ETF-driven demand.
The Road to $110,000
Bitcoin news today paints a picture of cautious optimism. Bulls have the upper hand, thanks to strong ETF inflows, weak put option positioning, and a market structure that punishes bears if Bitcoin breaks $110,000. Posts on X reflect this, with traders eyeing $112,000–$116,000 as the next targets if resistance falls. Yet, Trump’s tariff threats loom large, with retaliatory moves from China, Canada, and the EU threatening to dampen risk assets like Bitcoin.
The outcome hinges on whether bulls can sustain momentum through May 30. If ETF inflows continue and tariff fears ease perhaps via a pause, as Trump briefly signaled in April Bitcoin could soar past $110,000. But if trade tensions escalate or economic data sours, bears could seize control, pulling Bitcoin lower. For now, Bitcoin news today is a tale of bulls battling macro storms, with $13.8 billion riding on the result.
I am Toby Rothschild, Co-Founder of Spearmint and author at Coinography, and a strategist focused on advancing Web3 innovation, digital ecosystems, and the future of decentralized technology. I combine product thinking, creative leadership, and deep interest in emerging trends to help shape how individuals and organizations interact with the next generation of digital systems.
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