According to @QCPgroup, Bitcoin’s annualized volatility has compressed from roughly 250% in 2017 to about 40% by 2025, highlighting a maturing, institution-ready market (source: @QCPgroup). According to @QCPgroup, broader adoption across collateral use, payment rails, and portfolio allocation is driving this structural shift in BTC market behavior (source: @QCPgroup). According to @QCPgroup, deepening market liquidity is fueling demand for risk-managed exposure, options, and structured strategies, signaling increased focus on options-based trading frameworks for BTC (source: @QCPgroup). According to @QCPgroup, these insights were shared by founder Darius Sit in Straits Times CEO Insights and summarized on QCPgroup’s insights page (source: @QCPgroup).

According to @glassnode, the 25-delta skew (put IV minus call IV) remains positive, indicating puts are priced richer than calls, keeping downside risk embedded in options pricing, source: Glassnode, Dec 19, 2025, glassno.de/4oZf2o9. According to @glassnode, this skew profile does not resemble the pattern typically seen ahead of a clean breakout attempt, which signals a cautious market tone rather than a momentum-ready setup, source: Glassnode, Dec 19, 2025, glassno.de/4oZf2o9.

According to glassnode, implied volatility has declined across the curve, signaling weaker demand for near-term hedges and upside leverage while the market prices more contained price action (source: Glassnode, Dec 19, 2025). ATM IV is now around 44% across tenors, more than 10 vol points lower than recent highs, indicating a broad-based volatility compression (source: Glassnode, Dec 19, 2025). Lower IV translates into cheaper option premiums versus recent weeks, reducing hedging costs for buyers and premium income for sellers based on standard options pricing mechanics (source: Glassnode, Dec 19, 2025; source: Black-Scholes options pricing). With upside leverage demand easing, short-dated calls are priced more conservatively, and positioning tends to favor range-bound strategies over breakout bets unless volatility re-expands (source: Glassnode, Dec 19, 2025). Cross-tenor softness suggests traders should benchmark strategies against realized volatility and term exposure as the curve prices tighter ranges (source: Glassnode, Dec 19, 2025).

According to @glassnode, the 1-week volatility risk premium has remained positive since the latest FOMC, indicating implied volatility is above realized volatility and supporting carry from short-volatility positioning. source: @glassnode on Dec 19, 2025, glassno.de/4oZhPhj This regime favors volatility sellers as IV continues to compress into year-end, with hedging flows helping keep realized moves contained. source: @glassnode on Dec 19, 2025, glassno.de/4oZhPhj

According to @glassnode, it introduced a taker-flow-based Gamma Exposure (GEX) metric that reveals how dealer hedging in crypto options can shape volatility regimes and influence price behavior around key levels (source: @glassnode). The firm states the flow-based GEX is designed to help market participants understand regime conditions and level sensitivity driven by options hedging activity (source: @glassnode).

According to @glassnode, after the latest FOMC event, crypto options implied volatility has compressed, downside risk remains consistently priced, and skew plus flow data point to expectations of limited upside, range-bound trading, and continued sensitivity to macro drivers rather than new policy catalysts; source: @glassnode, Dec 12, 2025.

According to @glassnode, the options open interest put/call ratio has been rising over recent weeks, indicating a build-up in put positioning (source: @glassnode, Dec 12, 2025). According to @glassnode, even after the FOMC meeting, activity stayed skewed toward puts, signaling continued demand for downside protection (source: @glassnode). According to @glassnode, this morning’s expiry pushed the ratio lower as post-meeting hedges rolled off, reducing the put-heavy skew in open interest (source: @glassnode).

According to @glassnode, DVOL—described as a single-number snapshot of implied volatility—fell immediately after the referenced event. Source: @glassnode on X, Dec 12, 2025; glassno.de/4pFLFIS. This drop often indicates volatility supply returning and less urgency among traders to hedge or seek upside exposure, a key shift for crypto options positioning. Source: @glassnode on X, Dec 12, 2025; glassno.de/4pFLFIS.

According to @glassnode, it launched an Implied Volatility Heatmap to illustrate volatility and sentiment regimes by tracking how call and put implied volatilities have been priced over time. Source: Glassnode on X Dec 5, 2025 https://x.com/glassnode/status/1996966471209975885; https://x.com/glassnode/status/1996973646162629104; Product page https://glassno.de/48Gquiw. @glassnode stated that while 25-Delta Skew is widely used in crypto options, it compresses a richer volatility surface, and the new Interpolated IVs display how risk is priced across deltas and maturities. Source: Glassnode on X Dec 5, 2025 https://x.com/glassnode/status/1996966471209975885; https://x.com/glassnode/status/1996973646162629104; Product page https://glassno.de/48Gquiw. @glassnode confirmed coverage for BTC, ETH, SOL, XRP, and BNB, enabling traders to monitor cross-delta and cross-maturity IV dynamics, skew, and expected movement on calls and puts across these markets. Source: Glassnode on X Dec 5, 2025 https://x.com/glassnode/status/1996966471209975885; https://x.com/glassnode/status/1996973646162629104; Product page https://glassno.de/48Gquiw.

According to @glassnode, the 25-delta options skew remains positive, keeping the market in put territory (source: @glassnode, Dec 5, 2025, glassno.de/3KctQSg). According to @glassnode, this indicates options markets still price risk of prolonged bearish action (source: @glassnode, Dec 5, 2025, glassno.de/3KctQSg). According to @glassnode, the current skew profile is not the type that typically signals a breakout attempt, implying traders should not infer imminent upside from skew alone (source: @glassnode, Dec 5, 2025, glassno.de/3KctQSg).

According to @GreeksLive, on the first weekly settlement day of December there is limited activity in expiring weekly options, with market focus primarily on year-end settlements (source: @GreeksLive, Dec 5, 2025). According to @GreeksLive, positions held through the end of December account for over half of total open interest, highlighting a concentration in year-end expiry positioning (source: @GreeksLive, Dec 5, 2025).

According to @Matt_Hougan, a live X Spaces with @tradecoin14 is planned to discuss the latest in crypto volatility and options, aimed at a trading-focused audience; source: @Matt_Hougan on X, Dec 3, 2025. According to @Matt_Hougan, the announcement highlights volatility and options as the core topics, while specific timing and instrument details were not disclosed; source: @Matt_Hougan on X, Dec 3, 2025.

According to @binance, crypto options provide leveraged exposure with the buyer’s maximum loss capped at the premium, enabling defined-risk directional and volatility trades. Source: Binance Academy - What is options trading - binance.com/en/academy/articles/what-is-options-trading. Calls grant the right to buy at a strike by expiry and puts grant the right to sell, while option sellers face potentially substantial losses and must post margin, making clear risk management essential. Source: Binance Academy - What is options trading - binance.com/en/academy/articles/what-is-options-trading. Pricing and risk are driven by implied volatility, time to expiration, and Greeks such as delta, gamma, theta, and vega, which traders can use to align expiries and strikes with their volatility views. Source: Binance Academy - What is options trading - binance.com/en/academy/articles/what-is-options-trading. Core strategies highlighted include long calls or puts for convex directional exposure, covered calls to generate income on spot holdings, protective puts to hedge downside, and straddles to trade volatility without choosing direction. Source: Binance Academy - What is options trading - binance.com/en/academy/articles/what-is-options-trading. For crypto portfolios, these structures can hedge spot drawdowns, collect option premium, and define position risk during high-volatility events when executed with disciplined sizing. Source: Binance Academy - What is options trading - binance.com/en/academy/articles/what-is-options-trading.

According to @CoinMarketCap, Bitcoin’s (BTC) implied volatility is surging toward levels that may signal a return to options-driven price action, as highlighted by ProCap CIO Jeff Park (source: CoinMarketCap on X, Nov 25, 2025, citing Jeff Park). Jeff Park adds that such options-led regimes have historically produced decisive moves that push BTC to new highs (source: CoinMarketCap on X, Nov 25, 2025, citing Jeff Park).

According to @GreeksLive on X (Nov 10, 2025), total notional block trading volume for Nov 3-9 reached $488,758,027 across Deribit and OKX (source: @GreeksLive). According to @GreeksLive, $478.4 million was executed on Deribit and $10.3 million on OKX during the period (source: @GreeksLive). Based on figures reported by @GreeksLive, Deribit accounted for approximately 97.9% of the week's block notional and OKX 2.1%, indicating concentrated large-order flow on Deribit for that week (source: @GreeksLive). According to @GreeksLive, a recap of the top 5 block trades for the week was published on greeks.live for trade-level context (source: @GreeksLive).

According to the source, CME Group will soon launch around-the-clock trading for cryptocurrency futures and options, providing nearly 24/7 access to crypto derivatives (source: X post dated Oct 2, 2025). This expansion extends trading beyond traditional U.S. hours, enabling more continuous access to crypto futures and options markets for traders (source: X post dated Oct 2, 2025).

According to the source, CME Group will offer 24/7 trading for crypto futures and options starting in early 2026, enabling nonstop market access for these derivatives on its venue (source). According to the source, the announcement specifies both crypto futures and crypto options and sets the start window for early 2026 (source).

According to @StockMKTNewz, CME plans to offer 24/7 crypto futures and options trading in 2026, expanding access beyond current exchange hours for crypto derivatives participants (source: @StockMKTNewz). For traders, uninterrupted sessions would allow continuous hedging and price discovery across weekends directly on CME venues, aligning derivatives trading with the always-on spot crypto market (source: @StockMKTNewz).

According to @MilkRoadDaily, options traders are betting on year-end targets at BTC 140k, ETH 6k, and SOL 300, source: @MilkRoadDaily. If BTC advances to 160k, the move would break an eight-year wall of resistance, source: @MilkRoadDaily.

According to @GreeksLive, intraday chop produced multiple roughly 3 percent swings without clear direction, leaving many active traders near break-even despite heavy activity (source: @GreeksLive on X, Oct 1, 2025). According to @GreeksLive, short call positions that were down about 80 percent in the morning later reversed against sellers, highlighting a volatility whipsaw that punished option sellers (source: @GreeksLive on X, Oct 1, 2025). According to @GreeksLive, ETH implied volatility collapsed sharply as market participants rotated away from Ethereum, reducing premiums for long vol strategies (source: @GreeksLive on X, Oct 1, 2025). According to @GreeksLive, multiple traders sold ETH puts and BTC 120k calls expiring Oct 10, positioning for continued sideways action to harvest theta decay (source: @GreeksLive on X, Oct 1, 2025).