In the last week, Bitcoin has pranced up the charts with the gusto of a big-eared tiger wearing roller skates, flirting with a fresh all-time whisper around 124,400. Amid this fizzy circus, the options market has been swapping hats and jobs, and could spell a wink-and-a-nod fate for BTC’s price parade.
Bitcoin Options Traders Aim For Upside Following Market Shuffle
According to Glassnode, last week’s record options expiry cleared out a gee-golly backlog of contracts, effectively “resetting” open interest. With the chalk wiped clean, new positions show traders ditching downside hedges and leaping into upside bravado as Q4 begins.
For a whiz-bang example, volatility readings suggest traders expect Bitcoin to behave itself in the near term. The one-week implied volatility (IV) – the tweedy measure of expected market wobble – slid about three points from last week’s peak, and the two-week contract dropped by two. Yet longer maturities linger in the 40-43% range, painting a calmish picture for now, with a hefty dash of mystery later in the year.
Meanwhile, another jiggly twist showed up in the risk reversals (RR), the measure of the tug-of-war between call and put demand. The one‑week 25-delta RR swung from an 18.5 vol put premium, whispering of downside hedging, to a 4 vol call premium, signaling traders are paying up for upside protection. Longer maturities flattened too, suggesting a more balanced risk mood, except for the tiny fact that the short-term bullish tilt is wearing a shiny badge.
Market Flows Confirm Upside Bias: Price Targets Between $136k-$145k
Glassnode’s whispers reveal the flows backing the bullish shuffle. Traders have lifted upside calls, with net premiums nestled in the $136,000-$145,000 strike range. This hints at continued Bitcoin strength, though at higher strikes, call selling shows folks aren’t yet chasing the ultra-parabolic unicorns.
Meanwhile, dealer gamma exposure stays muted in the post-expiry hush, with dealers modestly long gamma on both sides. This stabilizing nudge might quiet the noise for now, but don’t forget-the next big expiry is still a few weeks away, and hedging webs could re-weave as expiry day creeps closer.
As this is written, Bitcoin is dancing around $122,086 after a dramatic 11.92% jump in a single day. And the daily trading volume is up 19.01%, tipping the scales at $85.94 billion. 🪙💥
Read More
- US Government’s Wild Plan: Tariffs for Bitcoin? You Won’t Believe This! 💰🚀
- Gold Rate Forecast
- JPY KRW PREDICTION
- CNY JPY PREDICTION
- BONK PREDICTION. BONK cryptocurrency
- Brent Oil Forecast
- STX PREDICTION. STX cryptocurrency
- HBAR PREDICTION. HBAR cryptocurrency
- Silver Rate Forecast
- Japan’s Real Estate Market Just Met Blockchain and Said, “Let’s Make it Weird!”
2025-10-04 16:04