Traders Bet on Bitcoin Call Options at $82K Strike as $6.25B Options Expire May 29

According to CoinDesk, approximately $6.25 billion worth of Bitcoin options contracts are set to expire on May 29. The $80,000 strike holds the largest call position at $532 million in notional value, while the $75,000 strike concentrates the biggest put position at $394 million. The current max pain price stands at $75,000, about 3% below Bitcoin's current price of $77,250.

The expiring options comprise 80,535 total contracts—43,184 calls and 37,351 puts. Notably, Bitcoin call options expiring May 29 at the $82,000 strike became the most actively traded single options product on Thursday, with approximately 1,600 contracts exchanged worth $126 million in notional value, indicating traders are betting on Bitcoin pushing higher.