According to @glassnode, interpolated implied volatility surfaces across deltas and maturities for BTC, ETH, SOL, XRP, BNB, and PAXG are now live in Glassnode Studio, expanding the platform’s options market coverage for traders. source: Glassnode The standardized IV surface enables traders to compare skew and term structure across assets and expiries for more consistent relative-value analysis in crypto options. source: Cboe Options Institute These surfaces are commonly used to price and hedge strategies such as calendars, butterflies, and risk reversals across delta buckets. source: Cboe Options Institute Including PAXG adds a gold-linked volatility reference that can inform cross-asset comparisons alongside BTC and ETH when evaluating macro risk in crypto markets. source: CME Group Education

According to @CoinMarketCap, CME Group’s cryptocurrency futures and options suite hit an all-time daily volume record of 794,903 contracts on Friday, signaling accelerating demand for regulated crypto risk management tools amid ongoing market uncertainty. Source: @CoinMarketCap. CME lists Bitcoin BTC and Ether ETH futures and options, including standard and micro contracts, which are widely used by institutions in U.S.-regulated markets. Source: CME Group. Contract totals include micro products, so notional volume can differ from contract counts; Micro Bitcoin MBT is 0.1 BTC per contract and Micro Ether MET is 0.1 ETH per contract. Source: CME Group.

According to Justin Sun, he joined a session hosted by Deribit and SignalPlus covering blockchain sovereignty, institutional adoption, and building Web3 infrastructure, and the full replay is available via his post. Source: Justin Sun on X, Nov 19, 2025. For traders, the involvement of Deribit and SignalPlus frames the discussion through an options and institutional-execution lens, making it directly relevant to BTC and ETH options markets on Deribit and to workflow tooling used by institutional desks. Sources: Justin Sun on X, Nov 19, 2025; Deribit official site; SignalPlus official site.

According to @GreeksLive, 41,000 BTC options expired with a put-call ratio of 0.61, a maximum pain point at $105,000, and $3.95 billion in notional value, while 228,000 ETH options expired with a put-call ratio of 0.59, a maximum pain point at $3,475, and $730 million notional, source: @GreeksLive. Both BTC and ETH prices continue to fall, with BTC now below $100,000 without a clear rebound and ETH logging three straight monthly losses as sentiment shifts from neutral to negative, source: @GreeksLive. Implied volatility is rebounding broadly with BTC near-term IV approaching 50% and averaging around 45%, while ETH IV is above 70% for major expirations and near 100% in the short term, signaling rising volatility expectations, source: @GreeksLive. Bitcoin put-option volume and its share of total options trading have been steadily increasing, with puts now around a 30% share and risk aversion the dominant stance, source: @GreeksLive. The author characterizes this Q4 as the worst on record, citing macro uncertainty and divided sentiment, and advises against leveraged trading, source: @GreeksLive.

According to @GreeksLive, the community turned cautiously bullish after a Sunday pump tied to government reopening headlines and potential institutional buying, while skepticism on durability persists (source: @GreeksLive, Nov 10, 2025). According to @GreeksLive, key resistance levels at 107K and 110K are being closely monitored for rejection or breakout risk (source: @GreeksLive, Nov 10, 2025). According to @GreeksLive, several traders are positioning bearishly into the rally, including shorting ETH calls on the pump and waiting for retraces to enter shorts (source: @GreeksLive, Nov 10, 2025). According to @GreeksLive, the bounce is spot-driven with minimal open interest movement, indicating limited leveraged conviction, while order book depth analysis suggests enough liquidity to push through current resistance if demand continues (source: @GreeksLive, Nov 10, 2025). According to @GreeksLive, many participants hold strong conviction that prior lows remain untested and that only an extreme pump would invalidate the bearish thesis (source: @GreeksLive, Nov 10, 2025).

According to @CNBC, the article outlines a conservative options-income strategy designed to cushion downside risk while boosting portfolio yield for investors seeking steady cash flow in volatile markets, source: CNBC. For crypto markets, comparable income approaches can be implemented using listed BTC and ETH options on CME and leading derivatives venues that enable premium harvesting with defined risk parameters, source: CME Group; Deribit. The premium collected can lower the effective breakeven and cushion moderate declines while capping upside potential, a core trade-off in standardized options strategies, source: OCC.

According to @GreeksLive, sentiment is predominantly bearish with traders watching BTC support at 108k, 107k, and 105k after a sharp drop (source: @GreeksLive, X, Oct 17, 2025). According to @GreeksLive, bears are calling for further downside toward 102k–90k while a minority frames the move as a bear trap, as BTC tests its daily 200-EMA support (source: @GreeksLive, X, Oct 17, 2025). According to @GreeksLive, gold is outperforming at new highs around $4,300, highlighting a risk-off bid versus crypto (source: @GreeksLive, X, Oct 17, 2025). According to @GreeksLive, options flow shows aggressive put selling into weakness, including weekend expiries and ETH 3500P/3850P, with some traders taking losses as volatility spiked and puts initially moved against them (source: @GreeksLive, X, Oct 17, 2025). According to @GreeksLive, funding rates turned negative as shorts piled in with roughly 7k shorts added (source: @GreeksLive, X, Oct 17, 2025). According to @GreeksLive, spot order books thinned materially as the Coinbase premium disappeared, and ETH options market makers briefly pulled all quotes (source: @GreeksLive, X, Oct 17, 2025). According to @GreeksLive, traders focused on selling far-out puts despite weakness, citing extreme implied volatility into the Oct 20 expiry and viewing sub-3500 ETH as unlikely even in a crash scenario (source: @GreeksLive, X, Oct 17, 2025).

According to @GreeksLive, a sudden 10% single-day pump has split positioning with market focus on ETH spot and option pivot zones at $4,000–$4,500, creating tactical uncertainty for the week ahead (source: @GreeksLive on X, Oct 14, 2025). According to @GreeksLive, short calls sold to flatten delta against puts are getting hit hard, with $3,850 and $4,000 strikes now deeply underwater for sellers (source: @GreeksLive on X, Oct 14, 2025). According to @GreeksLive, implied volatility is around 44, and traders are urged to actively harvest premium in this high-vol environment rather than step aside (source: @GreeksLive on X, Oct 14, 2025). According to @GreeksLive, several community members expect a retrace by Oct 17, making risk controls around $4,000–$4,500 critical for both short gamma and directional exposure (source: @GreeksLive on X, Oct 14, 2025). According to @GreeksLive, a February BTC move from 78k to 95k before turning lower is cited as precedent, framing the current spike as a potential liquidity-wipeout trap to manage in ETH/BTC positioning (source: @GreeksLive on X, Oct 14, 2025).

According to @GreeksLive, a larger-than-expected upside move squeezed bearish options traders, with multiple short call sellers on ETH and altcoins hit by an unexpected 3 standard deviation rally while the market had priced only about 40 percent volatility, published Oct 3, 2025, source: @GreeksLive. According to @GreeksLive, options sellers are shifting to buying puts and selling calls after losses, signaling a defensive turn in options positioning, source: @GreeksLive. According to @GreeksLive, key levels being monitored are 115k as potential support and 127k-180k as optimistic upside targets, while sentiment remains divided on the rally’s durability, source: @GreeksLive. According to @GreeksLive, market structure shows the long short ratio fell from 2 to below 1 within a week while open interest stays near highs, a setup that could fuel a further short squeeze if momentum persists, source: @GreeksLive.

According to @glassnode, a new options metric suite introduces Options Premium and Taker Flow Analytics that show where capital is committed via premiums and which side initiates trades via taker activity, helping traders assess market positioning and conviction. According to @glassnode, coverage includes BTC, ETH, SOL, BNB, and XRP. According to @glassnode, the dataset provides history back to 2021.

According to the source, $22,000,000,000 of Bitcoin (BTC) and Ethereum (ETH) options are scheduled to expire today. Source: X post. Options expiries often coincide with elevated intraday volatility and spot pinning near max-pain as dealers rebalance and gamma exposure shifts. Source: CME Group options education and Deribit Insights. Traders should check Deribit open interest by strike, put–call ratios, and estimated dealer gamma flip levels to gauge likely magnet strikes and liquidity pockets. Source: Deribit metrics and Genesis Volatility research. Expect funding-rate swings on perpetuals into the settlement window and potential implied-volatility compression afterward if prices converge toward max-pain; manage with reduced leverage and risk-defined spreads. Source: Kaiko market structure research and Options Industry Council education.

According to @GreeksLive, 29,000 BTC options expired with a Put-Call Ratio of 1.35, Max Pain at 115,000 dollars, and 3.4 billion dollars notional value, while 178,000 ETH options expired with a Put-Call Ratio of 1.0, Max Pain at 4,500 dollars, and 810 million dollars notional value, source: @GreeksLive on X, Sep 19, 2025. According to @GreeksLive, BTC and ETH have traded less than 10 percent below their all-time highs in September as sentiment shifted from pessimistic to neutral following an expected 25 basis point Fed hike, source: @GreeksLive on X, Sep 19, 2025. According to @GreeksLive, implied volatility has declined with BTC short-to-medium-term IV below 30 percent and ETH primary IV terms below 60 percent, with short-to-medium-term IV under 50 percent, signaling low volatility, source: @GreeksLive on X, Sep 19, 2025. According to @GreeksLive, put option block trades and their transaction share have risen steadily this month, reflecting risk-hedging as the primary strategy, source: @GreeksLive on X, Sep 19, 2025. According to @GreeksLive, September is a third-quarter delivery month and historically sees relatively weak performance due to institutional rollovers and settlements, and the options market currently lacks confidence in September performance, source: @GreeksLive on X, Sep 19, 2025.

According to @ai_9684xtpa, a trader bought put options on 6,000 ETH with a $4,250 strike expiring Sep 6 when ETH briefly dropped below $4,300 earlier today, paying about $174,000 in premium (source: @ai_9684xtpa). With less than 30 minutes to expiry, ETH remained around $4,300, leaving the position out-of-the-money (source: @ai_9684xtpa). The source notes the premium may expire worthless if ETH settles above $4,250 at expiration (source: @ai_9684xtpa).

According to @GreeksLive, a live stream with @LilQwantXBT is scheduled for September 4 at 2:00 PM EST / 18:00 UTC to cover a current market overview, why sentiment is bearish, the best BTC and ETH options trading opportunities, Q4 risks, and Q4 predictions. Source: @GreeksLive (X, Sep 4, 2025). The session is positioned for BTC and ETH options traders seeking actionable insights on bearish sentiment drivers, trading opportunities, and risk management into Q4. Source: @GreeksLive (X, Sep 4, 2025).

According to @glassnode, ETH options skew showed an upside bias on Aug 22, with the 1-week skew at -7% and calls richer than puts (source: @glassnode). By Aug 25, the skew turned defensive to +4% as puts became richer (source: @glassnode). On Aug 28, skews across tenors moved near 0%, indicating a neutral balance and a rapid repricing of ETH risk back to equilibrium (source: @glassnode).

According to @glassnode, Ethereum options flow shows call premium paid of approximately $82M on Aug 8 and $31.5M on Aug 11, consistently outpacing puts (source: @glassnode). According to @glassnode, traders are paying up for upside convexity as ETH presses higher, confirming a tilt toward calls in mid-August 2025 (source: @glassnode).

According to Cas Abbé, implied volatility on BTC and ETH options is rising, which historically indicates that altcoins may outperform as traders shift to higher beta assets. The increased volatility suggests traders should expect sharp price swings and manage position sizes carefully over the next four weeks (source: Cas Abbé).

According to @GreeksLive, significant options expiries are scheduled for July 11, potentially influencing market volatility. For Bitcoin (BTC), 37,000 options with a notional value of $4.3 billion are set to expire. The data shows a Put Call Ratio of 1.05, suggesting slightly bearish sentiment, while the Maxpain point is at a high of $108,000. For Ethereum (ETH), 240,000 options with a notional value of $710 million will expire. The ETH options data indicates a Put Call Ratio of 1.11, also pointing to bearish sentiment, with a Maxpain point of $2,600. Traders should monitor these levels as prices often gravitate towards the Maxpain point upon expiration.

According to @BitMEXResearch, sophisticated Bitcoin (BTC) and Ether (ETH) traders are actively hedging against potential summer price declines, even as the broader market anticipates long-term bullish action. Data from Amberdata shows that 25-delta risk reversals for June, July, and August tenors are negative for BTC, indicating a stronger preference for protective put options over bullish call options. Singapore-based QCP Capital noted this suggests that long holders are hedging their spot exposure to prepare for potential drawdowns. Further evidence from the OTC platform Paradigm reveals top trades for BTC include bearish strategies like put spreads. Despite this defensive posturing, some analysts remain bullish; market observer Cas Abbé pointed to strong on-balance volume, suggesting BTC could rally to the $130,000-$135,000 range by the end of Q3. This cautious short-term outlook is contrasted by long-term structural demand, evidenced by significant BTC purchases from firms like Metaplanet and Cardone Capital.

According to Omkar Godbole, Bitcoin (BTC) is trading near $106,800, showing resilience above $100K despite geopolitical tensions. Jeff Anderson of STS Digital stated that BTC's market dynamics differ from 2021 as it evolves into a treasury asset, reducing relevance of historical patterns. QCP Capital reported that BTC's 3% pullback was minor compared to an 8% drop in April 2023 during similar turmoil, indicating institutional adoption support. Volatility has declined, with Volmex's BVIV index at 42.7%, and Anderson noted that ETH options are costlier than BTC's, offering yield opportunities for holders. LondonCryptoClub highlighted upcoming large token unlocks for ARB, ZK, and SOL, potentially pressuring altcoin prices.