Analysis: The market value of Bitcoin has exceeded 64%, and the options market showed a bullish trend at the end of May

Odaily Planet Daily News: As of May 28th, the market value of Bitcoin (BTC) has exceeded 64% of the cryptocurrency market, demonstrating its dominant position in the market. Despite recent positive news in the market, including the announcement by Trump Media that it will raise $2.5 billion through equity and bond financing to establish a Bitcoin reserve strategy, the price of Bitcoin has been fluctuating between $106600 and $111700 since May 22, showing a narrow range of volatility. In the derivatives market, according to Kaiko's data, Bitcoin options expiring at the end of May show the highest call interest at an strike price of $110000, while options expiring in June and July are more inclined towards strike prices of $115000 and $120000, indicating that the market expects Bitcoin prices to further rise. In addition, the annualized funding rates for BTC and ETH perpetual contracts on offshore exchanges have remained stable below 10%, indicating a moderate bullish sentiment. In contrast, the price performance of Ethereum (ETH) and Solana (SOL) is relatively weak, constrained by their 200 day moving averages. The current price of ETH is $2633, which is below its 200 day moving average of $2697; The SOL price is $173, also below its 200 day moving average of $181, indicating a lack of bullish confidence in these assets in the market. （CoinDesk）