Bitcoin rally extends, yet BTC options price only 25% chance of $84K in May
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- Deribit call options for May 29 $84k strike trade at 0.0136 BTC (~$1,063), implying a 25% chance Bitcoin ends May above $84k.
- Laevitas delta skew stays above +6% for a month, showing traders demand premium protection and a bearish tilt in options.
- spot Bitcoin ETFs attracted $3.3 billion net inflows in March‑April, pushing assets over $100 billion and signaling strong institutional demand.
- MicroStrategy added 56,235 BTC to its reserve, the largest corporate purchase in the last 30 days.
- S&P 500 climbed to a record high, lifting risk‑on sentiment that helped Bitcoin retake $78 k.
Why it matters: Institutional investors win as ETFs pour $3.3 B into Bitcoin, boosting price support; derivatives traders lose confidence, with options pricing a 25% chance of $84 k, limiting leveraged upside.
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