Ramazan Eles 
According to a report by crypto market maker Wintermute, investors have started selling Bitcoin (BTC) call options expiring at the end of May for a strike price of $80,000.
$80,000 Barrier Could Be a Key Level
If the Bitcoin price closes May below $80,000, these options will expire in the money, resulting in profits for the sellers. Conversely, if the price climbs above $80,000 by the end of the month, the options will expire worthless, and the sellers will lose their investment.
Highlighting the bearish market conditions, Wintermute suggests that the $80,000 strike price is a reasonable level under these circumstances.
Wintermute’s Analysis:
The report further elaborates:
“One popular strategy among traders is to sell out-of-the-money call options, such as those with a strike price of $80,000 for the end of May. These strikes are above the current high and have a lower probability of expiring in the money.”