Analysis: Bitcoin's market capitalization share has exceeded 64%, and the options market at the end of May shows a bullish tendency.

Odaily News As of May 28, Bitcoin (BTC) accounted for over 64% of the market capitalization of the crypto assets market, demonstrating its dominant position in the market. Despite several pieces of favourable information emerging recently, including the announcement by Trump’s media company to raise $2.5 billion through equity and bond financing to establish a Bitcoin reserve strategy, the Bitcoin price has fluctuated between $106,600 and $111,700 since May 22, showing a narrow range of oscillation. In the derivatives market, according to data from Kaiko, Bitcoin options expiring at the end of May show the highest bullish interest at an exercise price of $110,000, while options expiring in June and July lean more towards exercise prices of $115,000 and $120,000, indicating that the market expects Bitcoin prices to rise further. Additionally, the annualized funding rate for BTC and ETH perpetual contracts on offshore exchanges remains stable at below 10%, showing moderate bullish sentiment. In contrast, Ethereum (ETH) and Solana (SOL) have been weaker, constrained by their 200-day moving averages, respectively. ETH is currently trading at $2,633, below its 200-day moving average of $2,697; The SOL price is at $173, which is also below its 200-day moving average of $181, indicating the market’s low bullish confidence in these assets. （CoinDesk）