According to @Andre_Dragosch, Bitcoin (BTC) implied volatility is at 75%, the highest since the spot ETF launch in 2024 and now above gold volatility; source: @Andre_Dragosch on X quoting @dgt10011. He added that the current pain is part of the process for BTC to make new highs and that the melt-up will be fast; source: @Andre_Dragosch on X.

According to @GreeksLive, ETH broke through the $2,200 level without resistance, while large players have been steadily accumulating put options, including very low strike prices. According to @GreeksLive, this put-heavy positioning persisted today, with activity shifting toward March expiries concentrated around the 70,000–80,000 strike range. According to @GreeksLive, the flow indicates ongoing demand for downside protection despite spot strength, a key signal for traders monitoring options flow and hedging activity.

According to @GreeksLive, overall options volatility has risen and skew has hit new lows, reflecting major players’ concern that BTC’s downward trend may be difficult to halt. According to @GreeksLive, put options continue to dominate flow, with the top five positions all being puts, underscoring persistent demand for downside hedging.

According to glassnode, off-chain signals are weakening as spot indicators have slipped to low conviction and futures and options conditions are declining, indicating fading participation and a more defensive risk stance. According to glassnode, ETF indicators are rising but remain low, signaling only tentative institutional support despite broader softening.

According to Material Indicators, rapid spoofing hit the BTC order book, with a 50M ask wall seen before options expiry and another 50M order appearing near 83k that was pulled quickly, according to Material Indicators on X. According to Material Indicators, price continued to drop despite the quick pull, making a green monthly close unlikely without a strong rally. According to Material Indicators, the most constructive short term path would be a support retest near 80.5k followed by a resistance test at the Y.O. Timescape Level before a potential next leg down. According to Material Indicators, traders should respect order book liquidity dynamics and spoofing risk and trade the market as it is.

According to @glassnode, Bitcoin (BTC) options positioning shows a sizable USD 1.25B short gamma pocket around 80K, and a clean break into this zone could increase the risk of revisiting lower levels in the 70s as dealer hedging may intensify downside momentum (source: @glassnode).

According to @glassnode, implied volatility spiked as the selloff accelerated, with short-dated IV leading the move, indicating the front end bore the brunt of risk repricing (source: @glassnode). According to @glassnode, the previously extreme downside premium has reset, showing that volatility skew normalized from panic levels (source: @glassnode). According to @glassnode, overall IV remains elevated versus pre-move conditions, confirming that risk premia in crypto options are still priced above prior baselines (source: @glassnode). According to @glassnode data, elevated front-end IV typically implies richer short-tenor option premiums and higher hedging costs, so traders may prefer defined-risk structures or selective long volatility exposure until term structure cools (source: @glassnode).

According to glassnode, options positioning flagged 90K as a slippery zone, and BTC subsequently fell to 81K, underscoring resistance-driven pressure on price, source: glassnode. According to glassnode, BTC is consolidating with muted volumes as spot demand rebuilds slowly, indicating limited immediate spot support, source: glassnode. According to glassnode, options markets are leaning increasingly defensive, reflecting greater hedging activity as stress builds below resistance, source: glassnode.

According to @GreeksLive, the first monthly options expiration of 2026 arrives tomorrow with over 25% of options positions set to expire. According to @GreeksLive, the Federal Reserve left interest rates unchanged and there are no major near-term catalysts, keeping price action stable with implied volatility muted into expiry. According to @GreeksLive, this setup indicates a steady tape around the expiration window with IV remaining compressed.

According to @EricBalchunas, SLV traded about 40 billion in shares in the last session, surpassing its entire Q1 last year total of about 35 billion and signaling exceptional activity and liquidity (source: @EricBalchunas on X). According to @EricBalchunas, SLV options volume was described as in the stratosphere, indicating unusually heavy derivatives interest around the silver ETF (source: @EricBalchunas on X). According to @EricBalchunas, pre-market turnover reached about 1.5 billion and was roughly three times that of any other ETF, highlighting elevated participation into the open (source: @EricBalchunas on X).

According to @glassnode, off-chain signals are weakening as spot and futures indicators decline, indicating softer participation and rising sell-side pressure (source: @glassnode). @glassnode also notes increasing options hedging demand and low-conviction ETF indicators, reflecting cooling institutional support (source: @glassnode).

According to @glassnode, at-the-money implied volatility was sold as price moved higher, showing gamma sellers monetized the rally and dampened follow-through, source: @glassnode, glassno.de/3Zqm3UD. @glassnode notes this volatility profile is not typical of sustained breakouts, indicating limited continuation quality for the current move, source: @glassnode. Traders chasing continuation setups should treat the breakout as fragile until volatility dynamics turn supportive, source: @glassnode.

According to @glassnode, off-chain crypto market signals were mixed this week, with spot and ETF indicators improving. According to @glassnode, futures and options weakened as leverage and hedging demand declined. According to @glassnode, strength currently sits in spot and ETF, while derivatives continue to soften.

According to @AltcoinDaily, the account asked traders what they would do if Bitcoin fell to $45,000 tomorrow, framing it as a hypothetical scenario rather than a confirmed forecast (source: @AltcoinDaily on X, Dec 1, 2025). Practical responses in such BTC $45k scenario planning typically include placing pre-set limit bids, defining stop-loss orders, and using hedges via futures or options so execution is rules-based instead of emotional (source: Binance Academy, Risk Management Basics; source: Deribit Insights, Options Hedging Guides). Traders should wait for price confirmation and size positions within fixed risk-per-trade limits rather than trading the prompt itself (source: CME Group, Risk Management Guidelines).

According to @KobeissiLetter, the Chicago Mercantile Exchange says stock market futures and options trading will reopen at 8:30 AM ET following a disruption lasting more than eight hours (source: @KobeissiLetter). According to @KobeissiLetter, the update confirms the affected venue and the precise restart time, which defines the immediate market re-entry window for these instruments (source: @KobeissiLetter).

According to the source, options tied to BlackRock’s spot bitcoin ETF IBIT leaned bearish for two consecutive months. According to BlackRock, IBIT is the iShares Bitcoin Trust that provides spot BTC exposure. According to the source, this development has raised questions about whether the current BTC bull market is losing momentum.

According to @StockMKTNewz, UnitedHealth (UNH) has become a battleground stock as of August 29, 2025 [source: @StockMKTNewz]. According to @StockMKTNewz, traders should account for this battleground designation when evaluating UNH’s liquidity, volatility, and order flow in their entry timing and risk management plans [source: @StockMKTNewz].

According to Omkar Godbole, Bitcoin (BTC) is expected to overcome bearish futures and options signals despite geopolitical risks from U.S.-Iran tensions. Valentine Fournier, an analyst at BRN, stated that long-term structural demand from entities like Texas and Metaplanet could drive a BTC rebound, with Solana (SOL) potentially outperforming in a recovery. Mean Theodorou, co-founder of Coinstash, warned of ongoing volatility and cautioned against altcoins like DOGE, ADA, and SOL due to market de-risking.

According to Greeks.live, the largest options block trade today was a Bitcoin Put Calendar Spread, consisting of 635 BTC sets with a notional par value of $110 million. This trade reflects a typical institutional volatility curve strategy, indicating potential upcoming market volatility.

According to @GreeksLive, today's largest block trade involved a sell of Bitcoin call calendar spread with a notional value of 500 BTC (approximately $43,650,800). The transaction was conducted as part of a quarterly delivery position adjustment, utilizing options expiring on Thursday and Saturday. This indicates a strategic move by a large account to manage exposure and potentially capture premium decay over time.