币界网报道：Over $1.5 billion in Bitcoin options are set to expire today, potentially influencing BTC's price trajectory amid heightened institutional activity. Analysts note that the significant open interest, particularly in call options with strike prices between $50,000 and $52,000, suggests bullish sentiment among traders. However, market makers may engage in hedging strategies around these key levels, creating short-term volatility. The expiry coincides with growing institutional participation, as evidenced by rising CME Bitcoin futures open interest and recent inflows into spot Bitcoin ETFs. Some derivatives traders anticipate price consolidation near current levels until the options settlement concludes, while others warn of potential liquidations if BTC breaks below $50,000 support. The event serves as a critical test for Bitcoin's recent price stability following its recovery from April's market downturn.