Bitcoin bulls are aiming to push BTC above $110,000 by May 30, ahead of a significant $13.8 billion options expiry. Recent tariff threats from President Trump have disrupted the bullish momentum, placing those targets at risk. Open interest in Bitcoin put options stands at $6.5 billion, mostly below $109,000, while call options up to $109,000 amount to $3.8 billion. The dynamics suggest that if Bitcoin maintains around $109,000, bullish strategies will likely yield positive outcomes. Strong demand for Bitcoin ETFs indicates that traders believe support remains robust above $105,000. With a total open interest in Bitcoin futures at $79 billion, the demand remains high. Several potential price scenarios could lead to significant profits for call options, especially if Bitcoin can exceed $110,000, which could pave the way for setting a new all-time high. The ultimate success largely hinges on the evolving tariff situation, which has generated substantial market interest and concern.

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