Bitcoin caught between critical onchain support and an options showdown
CoinDesk
Bitcoin is currently trading within a tight range, balancing between key onchain cost-basis support levels and significant upcoming options expiry positioning.Summary
Bitcoin is experiencing a period of low volatility as it trades near its 2026 realized price of approximately $76,200, which serves as a critical onchain support level. The cryptocurrency is currently constrained between this support and major resistance metrics near $77,000, including the true market mean and short-term holder cost basis. Additionally, market activity is heavily influenced by a massive $6.6 billion options expiry on Deribit scheduled for May 29, with significant open interest positioned at $75,000 and $80,000, keeping price action compressed.
(Source：CoinDesk)