Deribit’s bitcoin open interest has overtaken BlackRock’s IBIT as traders brace for a showdown between $75K max pain and $80K call positioning.

Deribit’s bitcoin open interest has overtaken BlackRock’s IBIT as traders brace for a showdown between $75K max pain and $80K call positioning.

Bitcoin options traders are piling into $82,000 call options ahead of a $6B May 29 expiry, signaling bullish bets on a potential breakout to new highs.