Analyst: BTC Above $80,000 Could Reignite Call Option Demand

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BTC price rose above $78,500 over the weekend, driven by U.S.-Iran tensions. Adam from Greeks.live noted that gamma pressure has eased following this week’s options expiration. The $78,500 level remains a key turning point. If BTC price holds above $77,000–$78,000, a bullish consolidation is likely. A move above $80,000 could increase demand for call options. With low short-term implied volatility, traders are advised to use spreads or wait for a breakout above $80,000 or a breakdown below $77,000. BTC dominance has remained stable amid this movement.

BlockBeats news: On May 24, Greeks.live analyst Adam posted on social media that BTC experienced a V-shaped rebound over the weekend, primarily driven by news related to the U.S. and Iran, and expects some continued stimulus effect after U.S. stock markets open.


It notes that, based on the BTC options market, gamma constraints are expected to ease after this week’s settlement, with $78,500 remaining the key pain point and dividing line between bulls and bears. If BTC holds the $77,000–$78,000 range, it is likely to continue trading in a range-bound, slightly bullish trend; if it breaks through $80,000 with increased volume, the call options side may reignite market momentum toward higher prices.


Current short-term implied volatility (IV) remains low. Given the strong expectation of market volatility in the near term, it is more suitable to manage costs through strategies such as Call Spreads or Put Spreads, or to wait for BTC to break above $80,000 or below $77,000 before adding position.

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