According to @ai_9684xtpa, a whale bought 1,300 BTC $100,000 call options expiring 2026-02-27 on Deribit and 2,400 BTC $98,000 calls expiring 2026-01-30, paying about $10.22 million in total premium, with trade timestamps close together and unclear if they belong to the same entity (source: @ai_9684xtpa on X, Jan 16, 2026). The author estimates the position represents roughly $353 million in notional exposure and characterizes it as a 35x leveraged long targeting $100,000 (source: @ai_9684xtpa on X, Jan 16, 2026). Trading focus: monitor BTC spot and options flow around the $98K and $100K strikes into the Jan 30, 2026 and Feb 27, 2026 expiries on Deribit, as those are the reported positioning levels (source: @ai_9684xtpa on X, Jan 16, 2026).

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.