Bitcoin Price Prediction: BTC Futures Top $80B as Bulls Eye $114K Breakout
Bitcoin futures soar past $80B while BTC eyes $114K. Options heat up, ETFs add $2.5B, and charts point to a bullish breakout.
Quick overview
Bitcoin’s futures open interest has surged past $80 billion in May. That’s a 30% jump in just one month, according to CoinGlass. And that jump marks a clear shift in trader conviction. Investors are increasingly taking on long positions as BTC trades just shy of its all-time high near $112,000.
That nearness to that all-time high is a big deal. Open interest—essentially the total value of outstanding futures contracts—high readings often precede increased volatility. And right now, open interest is up from $61.5 billion earlier in the month.
BTC currently trades at $111,194. Futures leverage is increasing, which heightens the risk of liquidations. But for now, the bullish narrative dominates. That’s driven by macro trends and technical tailwinds.
Options Data Shows Heavy Positioning Near $130K
The influx of speculative capital is bullish, but it also heightens the likelihood of abrupt pullbacks if price momentum stalls. The options market adds another layer to that bullish sentiment. Deribit reports that there’s $1.5 billion-plus in open interest at strike prices between $110K and $130K.
That concentration of positions around higher strike prices suggests a broader expectation of further upside—even if hedging remains active. More than $2.76 billion in options contracts are set to expire this week. Traders are eyeing these levels to assess market strength.
Bitcoin Technical Setup Supports Further Gains
BTC/USD two-hour chart paints a pretty textbook bullish setup. The price has carved out an ascending triangle just below $112,020 resistance—a common precursor to breakouts. If the price holds above $110,433 support, that could trigger renewed upside. And if it breaks down below that level, the bias would shift to $109,035.
For traders: if BTC holds above $110,433 and prints a bullish engulfing or hammer candle, that sets up a “buy-the-dip” opportunity with tight risk. A breakout above $112,020 on strong volume would likely clear the path to retest $114,850.
Summary
That’s the technical setup. Bitcoin’s futures and options markets reflect rising institutional interest and bullish momentum. As long as that technical support holds, BTC could be gearing up for its next major move—possibly toward $114,850 and beyond.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Related Articles
Sidebar rates
Related Posts
Save
Join 350 000+ traders receiving Free Trading Signals
