According to glassnode, Bitcoin ($BTC) options open interest has doubled since the previous cycle, reaching an all-time high of $43 billion in 2024. This surge is fueled by increased participation from institutional investors, who are favoring CME's options products for longer-dated strategies and structured positioning (source: glassnode, June 5, 2025). This shift indicates deepening market maturity and liquidity, which can lead to higher volatility and more nuanced price discovery in the crypto markets. Traders should monitor CME-driven flows as they are likely to influence both spot and derivatives price action.

According to x.com/i/broadcasts/1, Bitcoin price recently closed a strong weekly candle but briefly dipped below a critical macro support level. Traders should closely monitor this zone, as holding above it is essential for BTC to target a new all-time high (ATH) before year-end. The broadcast highlights heightened volatility predictions and emphasizes the importance of the current support-resistance (R/S) flip. Key levels to watch are the weekly close and the nearby support, which, if breached, could lead to increased selling pressure and invalidate bullish setups (source: x.com/i/broadcasts/1).