April Closed Near $79K; The First Four Days Of May Tell A...
Nataliia Gurinenko·2026-05-05·via All Articles on Seeking Alpha
Summary
BTC options flow is split between volatility positioning and directional bets.
ETH showed a systematic pattern of $2,000 put buying across four different expiries.
Persistent instruments reveal a structured call ceiling above $80K that has been written for months.
Phira Phonruewiangphing/iStock Editorial via Getty Images
1. Investment Thesis
April is done. BTC (BTC-USD) exited the month in structurally better shape than it entered - moving from the $66-68K stress area to the $76-79K range. That recovery was real. But April never produced a
