According to @QCPgroup, BTC options flows are turning constructive with put skew compressing and notable demand for Jan 30, 2026 100K calls alongside topside exposure via straddles, as reported by QCP Group on X on Jan 5, 2026 and in their Insights post qcpgroup.com/insights/asia-colour-183. QCP Group adds that if spot continues to grind higher, the probability of a gamma-assisted extension increases, as stated by QCP Group on X on Jan 5, 2026. QCP Group also notes that recent U.S. sessions have repeatedly faded rallies, keeping positioning disciplined, as reported by QCP Group on X on Jan 5, 2026.

According to @ai_9684xtpa, a trader bought 3,000 BTC $100,000 strike call options expiring Jan 30, 2026 on Deribit for roughly $2.86 million in total premium; source: https://x.com/ai_9684xtpa/status/2006351264091619798. According to @ai_9684xtpa, the Jan 30 $100K BTC call is now priced at 0.0195 BTC (about $1,813) per contract; source: https://twitter.com/ai_9684xtpa/status/2007998644491088023. According to @ai_9684xtpa, this implies an unrealized profit of about $2.463 million for the 3,000-lot position; source: https://twitter.com/ai_9684xtpa/status/2007998644491088023. According to @ai_9684xtpa, the reported breakeven at expiry is $100,953.67 and if BTC settles below $100,000 on Jan 30, 2026 the entire premium could be lost, though the holder can take profits earlier; source: https://x.com/ai_9684xtpa/status/2006351264091619798.

According to @GreeksLive, the year-end holiday period has thinned participation, and this Friday Dec 26 is the annual options settlement with over 50% of total options positions awaiting expiration, while most institutions rolled positions early, source: @GreeksLive. According to @GreeksLive, implied volatility across major expiries began falling last week and block trades have increased in share, source: @GreeksLive. According to @GreeksLive, over the past month Bitcoin’s implied volatility across major expiries fell by over 5% broadly, with short-to-medium-term IV down more than 10%, and Ethereum’s IV declined even more, source: @GreeksLive. According to @GreeksLive, these shifts signal subdued market expectations with consensus pointing to low volatility over the next two weeks and a high probability of a gradual drift lower, source: @GreeksLive.

According to @CryptoKing4Ever, $26.77 billion in BTC and ETH options are set to expire, with reported max pain levels at BTC $98,000 and ETH $3,200. source: Crypto King (@CryptoKing4Ever) on X, Dec 17, 2025 https://twitter.com/CryptoKing4Ever/status/2001288667047108647 The author also flags elevated volatility risk into Q1 2026 tied to this options overhang, highlighting these strikes as key reference points for positioning. source: Crypto King (@CryptoKing4Ever) on X, Dec 17, 2025 https://twitter.com/CryptoKing4Ever/status/2001288667047108647

According to Glassnode, during the sharp drawdown several weeks ago when Bitcoin (BTC) traded in the low-80K range, risk hedging activity rose with elevated put demand and expected price dispersion increased, indicating higher uncertainty. Source: Glassnode. More recently, market conditions have stabilized and expectations for extreme moves have moderated, yet implied volatility remains elevated versus the exceptionally low-volatility regime of the prior six months, suggesting a shift toward a more active volatility environment. Source: Glassnode.

According to @glassnode, the net call premium at the $95K call strike has been gradually declining across short- and mid-term maturities over recent days, indicating a clear absence of market strength that traders should factor into BTC options positioning (source: Glassnode via X on Dec 5, 2025; glassno.de/4pMeYZF).

According to the source, Bitcoin options traders are monitoring three specific signals to identify a genuine low in BTC. Source: social media post published November 26, 2025 linking to the referenced article. According to the source, the focus is on options-derived indicators explicitly aimed at timing market bottoms in Bitcoin. Source: social media post published November 26, 2025 linking to the referenced article.

According to @GreeksLive, community sentiment is predominantly bullish with traders anticipating an ATH breakout, a short squeeze, and renewed focus on BTC moving toward 100k while ETH performance improves and the market rebounds after a pullback, source: @GreeksLive, Nov 7, 2025. According to @GreeksLive, BTC volatility (BVIV) is rising sharply, indicating increased market activity and potential for major price swings, source: @GreeksLive, Nov 7, 2025. According to @GreeksLive, options positioning shows a large negative gamma concentration at the 100k strike, implying more explosive spot moves as price approaches or breaches this psychological level, source: @GreeksLive, Nov 7, 2025. According to @GreeksLive, traders interpret the volatility uptick as a precursor to upside and are positioning for turbulence around the 100k resistance, source: @GreeksLive, Nov 7, 2025.

According to @GreeksLive, community sentiment is predominantly bearish, framing recent pumps as a bull trap and watching BTC resistance at 110k and 112k. According to @GreeksLive, traders are aggressively selling calls and increasing short exposure despite rallies, with one trader reaching IM 100+ from call selling and expressing conviction that price will not break 112k, favoring choppy sideways action. According to @GreeksLive, brief pumps are attributed to Saylor buying and institutional TWAP flows, seen as short-lived with expectations of wicks toward 110k. According to @GreeksLive, traders are preparing for downside risk into the Oct 29 FOMC and possible Nov 1 Trump tariff announcements.

According to Eric Balchunas, IBIT options open interest has reached $38 billion and IBIT has surpassed Deribit as the largest venue for bitcoin options (source: Eric Balchunas on X, Oct 2, 2025). According to Eric Balchunas, this underscores that ETFs are materially impacting options activity and that "fat crypto margins" are in trouble (source: Eric Balchunas on X, Oct 2, 2025). According to Eric Balchunas, the data point was surfaced by Sidharth Shukla (source: Eric Balchunas on X, Oct 2, 2025).

According to the source, Bullish will offer Bitcoin (BTC) options trading with a top-tier consortium of trading partners. The source states the announcement specifically references BTC options and highlights collaboration with multiple top-tier trading partners. The source adds that no additional details on launch timing, platform specifics, or participant names were provided.

According to @rovercrc, $21 billion in Bitcoin (BTC) and Ethereum (ETH) options are set to expire today (source: @rovercrc). According to @rovercrc, traders should expect elevated crypto volatility around the expiration window (source: @rovercrc).

According to @GreeksLive on X on 2025-09-04, community sentiment is mixed with profit-taking as traders sold call options around current levels. @GreeksLive added that the group remains cautiously optimistic overall. @GreeksLive noted that BTC remains the key focus for traders.

According to @GreeksLive, BTC near-term options implied volatility is around 35% or lower even as spot rebounded over the past two days, indicating a muted options response and compressed near-term risk pricing; source: @GreeksLive. ETH’s recovery has been weaker with implied volatility generally hovering near 65%, signaling higher perceived short-term risk versus BTC and a cross-asset volatility divergence; source: @GreeksLive. Based on @GreeksLive data, traders can infer tighter expected near-term ranges and cheaper premium on BTC versus relatively richer premium and wider ranges on ETH, favoring relative-value volatility positioning over outright direction; source: @GreeksLive.

According to @GreeksLive, this week remains a price correction after last Friday’s rapid rally failed to sustain, with BTC and ETH down over 10% from their all-time highs (source: @GreeksLive). @GreeksLive reports that market sentiment is still relatively optimistic despite the drawdown (source: @GreeksLive). @GreeksLive also highlights that nearly 14 billion dollars in options are in focus, indicating substantial derivatives activity to monitor (source: @GreeksLive). Per @GreeksLive, these conditions frame a market where correction dynamics and sizeable options positioning are the key drivers for BTC and ETH in the near term (source: @GreeksLive).

According to @Andre_Dragosch, pockets of excessive bearishness have emerged in the BTC options market that look like a reverse gamma squeeze, source: @Andre_Dragosch on X. The same source states overall market bearishness is not broad-based, indicating the current negativity is not widespread across crypto, source: @Andre_Dragosch on X. The source added that further updates will follow in due time, source: @Andre_Dragosch on X.

According to QCPgroup, a softer CPI could cement odds of a September Fed cut, while a hotter print risks stalling the rally (source: QCPgroup). QCPgroup also reports active hedging demand for short-dated BTC put options concentrated in the 115k-118k strike range (source: QCPgroup). For traders, this underscores near-term CPI event risk and notable downside protection positioning around 115k-118k in Bitcoin options (source: QCPgroup).

According to @QCPgroup, short-call covering alongside defensive positioning has added fuel to the latest move in BTC, source: @QCPgroup. @QCPgroup expects front-end volatility to stay elevated until the CPI release, then likely compress unless BTC breaks resistance decisively, source: @QCPgroup.

According to Omkar Godbole, the 180-day skew for BTC options has reached zero, indicating that the pricing of long-term calls and puts is now balanced. This shift suggests reduced directional bias among options traders, which could signal increased market stability or a potential inflection point for Bitcoin (BTC) price movement. Traders may consider adjusting their strategies as neutral sentiment in the options market often precedes volatility changes. Source: Omkar Godbole via Twitter.

According to QCPgroup, options flow data indicates that traders are positioning tactically bullish on BTC, focusing on 29AUG25 call flys at the 118k, 124k, and 126k strike prices, with the maximum payoff at 124k. The current put skew remains elevated, suggesting ongoing caution, but has not reached panic levels. A move in BTC price back above 115k could help normalize the skew, potentially impacting near-term volatility and directional bias. Source: QCPgroup.