According to @glassnode, BTC 3-month options implied volatility is broadly compressed across nearly the entire strike surface, signaling muted expectations for large price moves into the next quarter and a reversion toward a low-volatility regime. Source: Glassnode (X, Jan 12, 2026). During the recent sharp drawdown into the low-$80K range, put demand rose as traders hedged risk, coinciding with a jump in expected price dispersion and higher uncertainty. Source: Glassnode (X, Jan 12, 2026). Conditions have since stabilized and expectations for extreme moves have moderated, but IV remains above the exceptionally low levels of the prior six months, indicating a shift toward a more active volatility environment versus the earlier trough. Source: Glassnode (X, Jan 12, 2026). For traders, this structure indicates the market is pricing smaller near-term BTC swings while maintaining a higher volatility baseline than the previous ultra-calm period, consistent with the observed IV compression and elevated relative level. Source: Glassnode (X, Jan 12, 2026).

According to @glassnode, the largest BTC options expiry is approaching while spot remains stuck in its recent range, putting positioning and implied volatility under the spotlight for traders. source: @glassnode on X, Dec 19, 2025. @glassnode states that the thread examines options positioning and volatility signals into the event and explains why this expiry could influence subsequent price behavior. source: @glassnode on X, Dec 19, 2025. Key trading watchpoints highlighted include options open interest concentration by strike, implied volatility term structure, and volatility skew ahead of the expiry window to gauge potential post-expiry direction and volatility. source: @glassnode on X, Dec 19, 2025.

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).