Analyst: Despite Short-term Volatility, Market Expects Uptrend for Bitcoin in Q2
April 25 news, according to The Block, the Bitcoin options market shows a significant bullish sentiment. After the expiration of 76,709 options contracts with a nominal value of $7.2 billion, BTC price stabilized at $94,500, a 2% increase from the previous day's low.
Data indicates that the number of bullish contracts (43,917) far exceeds bearish contracts (32,793), with a put/call ratio of 0.73 and a maximum pain point at $86,000. Market analysis points out that bullish contracts are primarily concentrated at strike prices of $95,000 and $100,000, reflecting investors' optimistic expectations for medium- to long-term trends.
Industry analysts state that with the breakthrough of the $90,000 resistance range, the market is targeting higher price levels. Contracts expiring at the end of April and in May have accumulated significant open interest at strike prices of $95,000 and $100,000. Deribit data shows that traders are rolling their positions forward to contracts expiring on May 30 and June 27.
Analysts believe that the accelerated inflow of funds into spot Bitcoin ETFs this week will be a key factor in supporting the price to remain above $90,000. Despite the persistence of short-term volatility, the market generally expects an upward trend for Bitcoin in the second quarter of 2025.
CryptoQuant monitoring shows the largest BTC withdrawal wave from centralized exchanges since 2023, with the 100-day moving average withdrawal volume reaching a two-year high. Analysts consider this a sign that the market is entering a reaccumulation phase. Glassnode data corroborates this trend, with its "accumulation trend score" indicating that large entities' buying intensity has returned to the levels of December 2024 to January 2025.
The tracked indicator shows that during the recent price increase, "whales have been continuously accumulating," effectively buffering the potential volatility arising from options expiry. Bitcoin implied volatility slightly retreated on April 25, reflecting an enhanced market expectation for price stability.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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