Bitcoin Surges Above $105,000: Options Traders Target $300,000 Amid Volatility

Bitcoin Options Traders Target $300,000 as Open Interest Surges

According to Bloomberg.com, Bitcoin options traders are increasingly betting on much higher prices, with the largest cryptocurrency nearing its recent all-time high. Notably, far out-of-the-money Bitcoin call options expiring on June 27 at a strike price of $300,000 have become the second most popular contracts in terms of open interest on the Deribit crypto options exchange, just behind the $110,000 calls. The contracts expiring on June 27 have attracted the highest open interest across all expirations, indicating a strong appetite for bullish bets among market participants.

Strike Price	Expiration	Open Interest Ranking
$300,000	June 27	2nd highest
$110,000	June 27	1st highest

Key Takeaway: Options traders are positioning for a potential Bitcoin rally to $300,000, with record open interest in high-strike contracts expiring in late June (Source: Bloomberg.com).

Bitcoin Breaks $105,000, Triggers $250 Billion Crypto Market Rally

Yahoo Finance reports that Bitcoin (BTC) has surged past the $105,000 mark, reaching $105,424.45 and pushing its market value above $2.05 trillion. This rally has triggered a $250 billion increase in the broader cryptocurrency market capitalization within just five trading days, now exceeding $2.65 trillion. The price jump represents a 37.5% increase from Bitcoin’s April low of less than $75,000.

Open interest in Bitcoin futures has reached a record high of over $36 billion, reflecting growing trader conviction. Bitcoin’s dominance has climbed to over 53.2%, its highest in more than three years, as capital shifts into large-cap digital assets amid increasing regulatory clarity. Ethereum (ETH) also saw a 12% jump in 24 hours, breaking above $6,000. Analysts are now watching the $110,000–$115,000 range as the next major resistance for Bitcoin.

Asset	Latest Price	Market Cap	24h Change
Bitcoin	$105,424.45	$2.05 trillion	+37.5% (since April low)
Ethereum	Above $6,000	—	+12% (24h)

Key Takeaway: Bitcoin’s surge above $105,000 has led to a $250 billion rally in the crypto market, with record futures open interest and rising dominance (Source: Yahoo Finance).

Bitcoin Tops $106,000; Altcoins Show Mixed Performance

The Crypto Times highlights that Bitcoin reached a daily high of $106,793 before retreating to as low as $104,255, reflecting volatility during the U.S. stock market opening. At the time of reporting, Bitcoin was trading around $106,100, up 0.94% in the past 24 hours. Ethereum hit a daily high of $2,579 but fell to $2,492, down 1.52% over the same period. Among the top 10 crypto assets, Tron (TRX) was the top gainer, rising 3.30% in 24 hours.

The global crypto market cap stands at $3.3 trillion, up 2.16% today, with a 24-hour trading volume of $127 billion. Top gainers include AAVE (+10%), PENDLE (+7%), and CRV (+6%), while top losers are PYTH (-7%), LTC (-5%), and LDO (-5%).

Asset	Price Movement (24h)
Bitcoin	+0.94%
Ethereum	-1.52%
Tron (TRX)	+3.30%
AAVE	+10%
PENDLE	+7%
PYTH	-7%

Key Takeaway: Bitcoin’s price action remains volatile above $106,000, with mixed results among major altcoins and a global market cap of $3.3 trillion (Source: The Crypto Times).

Crypto Markets Waver Amid US-China Trade Tensions

The Defiant reports that the cryptocurrency market experienced mild losses on May 20, 2025, as renewed geopolitical tensions between the U.S. and China weighed on sentiment. Bitcoin gained 1% to $106,000, while Ethereum dipped 1% to $2,495. Solana (SOL) rose 1.5% to $168, and XRP traded flat at $2.35. The total crypto market capitalization fell by 1.1% in the past 24 hours to around $3.43 trillion.

Leveraged liquidations reached $219 million, with Ethereum leading at $80 million and Bitcoin at $51 million. Spot Bitcoin ETFs saw $667 million in inflows on May 19, while Ethereum ETFs attracted nearly $14 million. Dr. Kirill Kretov from CoinPanel noted that volatility remains high, with large players extracting profits from both sides and arbitraging between markets. He suggested that a sharp dip could occur to shake out weak hands and liquidate overleveraged longs, potentially setting the stage for a more sustainable breakout.

“Volatility remains elevated, and large players continue to extract profits from both sides, often farming funding rates and arbitraging between markets,” said Dr. Kirill Kretov from CoinPanel.

Key Takeaway: Geopolitical tensions are contributing to market volatility, with significant ETF inflows and high liquidation volumes shaping the current crypto landscape (Source: The Defiant).

BTC Trader Nets $12 Million on 40x Leverage as Bitcoin Approaches All-Time High

99Bitcoins details the story of James Wynn, a crypto whale who posted a screenshot of his open Bitcoin trade as the price hit $105,000. Wynn is up $12.2 million in unrealized profits on a 40x perpetual futures BTC trade using the Hyperliquid DEX. He opened the trade on May 16 with $250 million at 40x leverage, later increasing his position value to $582 million. His entry price was $102,453, with a liquidation price of $98,156. As of the latest update, Bitcoin was trading at $105,113, and its market cap had climbed back above $2 trillion.

Wynn explained his strategy, noting that Bitcoin had remained in a channel since its local bottom at $74,000, and he anticipated a breakout. He cited strong psychological support at $100,000 and bullish technical indicators, predicting Bitcoin could reach $118,000 by the end of the following week. The article also mentions BTC Bull (BTCBULL), a meme coin that has secured $6 million in presale funding, offering Bitcoin airdrops at every $50,000 price increase for BTC, with token burns starting at $125,000.

Trader	Position Value	Unrealized Profit	Leverage	Entry Price	Liquidation Price
James Wynn	$582 million	$12.2 million	40x	$102,453	$98,156

BTCBULL token price: $0.00252
Staking APY: 68%
Presale funding: $6 million

Key Takeaway: High-leverage trading is yielding massive profits for some, while new Bitcoin-themed tokens like BTCBULL are gaining traction with innovative airdrop and burn mechanisms (Source: 99Bitcoins).

Sources: