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.

According to @kwok_phil, moneyness is a crucial concept in trading that determines whether an option would be profitable if exercised immediately. There are three types of moneyness: in the money, at the money, and out of the money. Understanding moneyness helps traders assess the value and risk of options in both crypto and traditional markets. For crypto traders, this concept can inform strategic decisions on derivative products and options trading, directly impacting profit opportunities and risk management. Source: @kwok_phil.

According to @MilkRoadDaily, options trading volumes on BTC ETFs are set to surge dramatically as trading limits have been raised tenfold. IBIT, a leading BTC ETF, was already registering $4 billion in daily options volume. The increased limits are expected to attract larger institutional investors, potentially triggering a new wave of inflows into BTC ETFs and impacting BTC price action as liquidity and volatility increase. Source: @MilkRoadDaily.

According to @GreeksLive, the foundational concepts of options trading include understanding derivatives, the function of options, and real-world application examples such as the airline industry and Bitcoin (BTC) options. The discussion further clarifies the differences between American and European options, which is critical for traders analyzing expiry and exercise mechanisms. This information is especially relevant for cryptocurrency traders, as the structure of BTC options directly influences market volatility and hedging strategies. Source: @GreeksLive

According to @GreeksLive, the community daily digest for July 22, 2025, reveals a generally bearish market sentiment. The report highlights that traders are experiencing losses despite their strategic planning. A key factor contributing to this is that market volatility levels are remaining unexpectedly low, which is a primary focus for options traders.

According to @GreeksLive, the cryptocurrency market is exhibiting a divided sentiment. On one hand, positive news flow, such as potential favorable crypto regulations from the Trump administration, is providing bullish momentum. On the other hand, there is a growing sentiment among traders that the market may be approaching a top, specifically around the $120,000 price level for Bitcoin (BTC). This contrast creates a conflicting outlook for traders navigating the current market conditions.

According to @CryptoMichNL, Bitcoin (BTC) is currently in a 'summer lull' characterized by decreasing volatility despite reaching new all-time highs, a trend noted by NYDIG Research. This low volatility environment is attributed to increased demand from treasury companies and sophisticated strategies like options overwriting. However, this lull presents a strategic opportunity for traders, as NYDIG points out that the reduced volatility has made both call and put options 'relatively inexpensive'. This allows for cost-effective positioning for potential directional moves ahead of key market catalysts. Despite the calm, the market shows signs of underlying strength, with CoinShares reporting a 12th consecutive week of crypto ETF inflows, pushing total assets under management to a record $188 billion for products tracking Bitcoin, Ether (ETH), Solana (SOL), and XRP. Conversely, analysts like Alex Kuptsikevich from FxPro note market indecision near the $110K level for BTC, while Glassnode data indicates a drop in on-chain activity, which could precede a sharp price movement if sentiment shifts.

According to @CryptoMichNL, Bitcoin's (BTC) current summer lull, characterized by decreasing volatility despite trading above $105,000, presents a unique trading environment. This decline in price movement, attributed to increased institutional demand and sophisticated trading strategies, makes options relatively inexpensive. The source suggests this creates a cost-effective opportunity for traders to position for directional moves ahead of potential market-moving catalysts in July. From a technical standpoint, BTC has shown resilience, rebounding quickly from dips and establishing a strong support zone between $104,000 and $105,000, with consolidation above $105,470 suggesting potential for further upside. Separately, Bitwise's Jeff Park notes a cultural shift where younger investors now view owning one full Bitcoin as a new financial milestone, signaling long-term conviction in the asset.

According to @CryptoMichNL, Bitcoin (BTC) is experiencing a period of declining volatility despite reaching new all-time highs, with prices currently trading around $108,000. A report by NYDIG Research attributes this market calmness to increased demand from corporate treasuries and the rise of sophisticated trading strategies like options overwriting, indicating a maturing market. For traders, this low-volatility environment presents a unique opportunity, as NYDIG notes that it has made both call options for upside exposure and put options for downside protection 'relatively inexpensive.' This creates a cost-effective way to position for directional moves ahead of potential market-moving catalysts in July.

According to @CryptoMichNL, Bitcoin (BTC) is currently experiencing a period of suppressed volatility, leading to range-bound price action. Analyst Andy Baehr notes that BTC has been trading within a 10% channel, between approximately $101,000 and $111,000, for 40 consecutive days, with current data showing a price of about $108,423. NYDIG Research attributes this calm to increased demand from corporate treasuries and the rise of sophisticated strategies like options overwriting. While this stability frustrates short-term volatility traders, NYDIG suggests it presents a unique opportunity, as the low volatility has made both call and put options 'relatively inexpensive.' This allows traders to cost-effectively position for potential directional moves ahead of key catalysts in July. The lack of strong movement from Bitcoin has also negatively impacted the broader altcoin market, with Andy Baehr pointing out that the ETH/BTC pair has weakened and other digital assets are underperforming.

According to @AltcoinGordon, although Bitcoin (BTC) is trading near all-time highs around $108,000, its volatility has trended lower, creating a unique trading environment. NYDIG Research notes that this decline in both realized and implied volatility makes options trading, including upside calls and downside puts, 'relatively inexpensive.' This presents a cost-effective opportunity for traders to position for directional moves ahead of potential market-moving catalysts. Concurrently, Wall Street's growing influence has transformed Bitcoin into a macro-driven risk asset. NYDIG Research highlights that BTC's correlation with U.S. equities has reached 0.48, near the higher end of its historical range, while its correlation to gold is near zero. For traders, this means Bitcoin is likely to move in tandem with stock markets in response to geopolitical events and central bank policies, rather than acting as a 'digital gold' hedge.

According to @MilkRoadDaily, Bitcoin's (BTC) current summer lull is characterized by decreasing volatility, even as the asset maintains prices above $100,000. A recent note from NYDIG Research highlights that this decline in both realized and implied volatility has made options strategies, such as buying calls for upside exposure or puts for downside protection, 'relatively inexpensive.' This presents a cost-effective opportunity for traders to position for directional moves ahead of key market catalysts, including the SEC’s decision on the GDLC conversion on July 2. Despite geopolitical headwinds, the market has shown resilience, with Jeff Anderson of STS Digital noting BTC's stability as a sign of its evolution into a treasury asset. Furthermore, the widening spread between Ether (ETH) and Bitcoin implied volatilities suggests a yield-generating opportunity for ETH holders through selling options. Traders should also be aware of potential selling pressure from large upcoming token unlocks for altcoins like ARB, APE, and SUI, as noted by LondonCryptoClub.

According to @MI_Algos, Bitcoin (BTC) is experiencing a summer lull with its volatility trending lower, even as the asset trades above $100,000 and reaches new all-time highs. A recent note from NYDIG Research, cited in the analysis, attributes this price calm to increased demand from bitcoin treasury companies and the growing use of sophisticated trading strategies like options overwriting. For traders, this low-volatility environment creates a unique opportunity. NYDIG suggests that the decline in volatility has made both call options for upside exposure and put options for downside protection "relatively inexpensive." This presents a cost-effective chance for traders to position for directional moves ahead of potential market-moving catalysts, such as upcoming regulatory decisions.

According to @QCompounding, Wall Street's increasing influence has transformed Bitcoin (BTC) into a macro-driven risk asset, shedding its identity as an uncorrelated, anti-establishment store of value. Citing a report from NYDIG Research, the analysis highlights that Bitcoin's correlation with U.S. equities is near the historical high at 0.48, causing BTC to move in tandem with traditional markets in response to geopolitical and macroeconomic news. Simultaneously, Bitcoin's volatility has trended lower, a development NYDIG attributes to increased institutional demand and sophisticated trading strategies. For traders, this low volatility environment makes options trading—both call options for upside exposure and put options for downside protection—relatively inexpensive, presenting a cost-effective opportunity to position for directional moves ahead of anticipated market catalysts.

According to @glassnode, Bitcoin's (BTC) current market phase, characterized by new all-time highs above $100,000 but persistently low volatility, presents a unique trading opportunity. Analysis cited in the report suggests this calmness is driven by increased demand from corporate treasuries and the rise of sophisticated strategies like options overwriting. For traders, this environment makes options contracts relatively cheap. The report highlights that the decline in both realized and implied volatility makes "upside exposure through calls and downside protection via puts relatively inexpensive." This creates a cost-effective chance for traders to position for significant directional moves ahead of potential market-moving catalysts, such as the SEC’s decision on the GDLC conversion and other key regulatory deadlines in July. This quiet summer period is identified as an ideal setup for patient traders to hedge or place directional bets on specific upcoming events.

According to @rovercrc, Bitcoin (BTC) is experiencing a period of low volatility, or a 'summer lull,' despite trading at new all-time highs above $100,000. NYDIG Research notes that both realized and implied volatility have trended lower, attributing this calm to increased demand from corporate treasuries and the rise of sophisticated strategies like options overwriting. While challenging for short-term volatility chasers, this environment presents a unique opportunity. NYDIG suggests that the decline in volatility has made options relatively inexpensive, allowing traders to cost-effectively position for directional moves. This makes it an opportune time to use calls for upside exposure or puts for downside protection ahead of potential market-moving catalysts in July.

According to glassnode, Bitcoin's (BTC) current phase of diminished volatility, even as it achieves new all-time highs near $109,000, is creating a unique setup for traders. The report highlights analysis from NYDIG Research, which attributes the market's calmness to growing demand from corporate treasuries and the increased use of sophisticated trading strategies like options overwriting. For traders, this environment makes both call options for upside exposure and put options for downside protection 'relatively inexpensive,' as stated by NYDIG Research. This presents a cost-effective opportunity to position for significant directional moves ahead of potential market-moving catalysts expected in July.

According to @Pentosh1, Bitcoin (BTC) is positioned to reach a new all-time high, currently trading around $109,000, driven by strong macroeconomic tailwinds. These factors include U.S. equity indexes hitting record highs and a surging U.S. M2 money supply, which pushes capital into riskier assets like BTC. Hedge fund founder Ray Dalio noted on X that increasing U.S. government debt could further enhance Bitcoin's appeal as a store of value. Historically, July is also a seasonally strong month for Bitcoin, averaging 7% gains. However, despite the high price, NYDIG Research highlights that BTC's volatility is trending lower. This low volatility environment, attributed to increased institutional demand and sophisticated strategies, makes options trading relatively inexpensive. NYDIG Research suggests this creates a cost-effective opportunity for traders to position for directional moves ahead of key catalysts in July, such as regulatory decisions and policy updates.

According to @AltcoinGordon, while Bitcoin (BTC) trades near all-time highs around $109,061, its realized and implied volatility have trended lower. NYDIG Research suggests this low-volatility environment may persist through the summer, presenting a unique trading setup. NYDIG notes that this decline makes both call options for upside exposure and put options for downside protection "relatively inexpensive." This creates a cost-effective opportunity for traders to position for directional moves ahead of potential catalysts, such as upcoming SEC decisions. Separately, analysis from Aaron Brogan highlights a surge in successful crypto IPOs, led by Circle's (USDC) $1.05 billion offering, which has reportedly prompted firms like Gemini and Kraken to consider going public. This trend is bolstered by strong investor demand, with CoinShares CEO Jean-Marie Mognetti reporting that nearly 90% of current crypto holders plan to increase their allocations this year, underscoring a need for expert guidance on risk and regulation.

According to @AltcoinGordon, the cryptocurrency market faces a dual scenario of a long-term existential threat and a short-term trading opportunity. The primary threat is 'Q-Day,' the point where quantum computers can break current cryptographic standards, jeopardizing Bitcoin (BTC) and Ethereum (ETH). Experts like Jay Gambetta of IBM Quantum warn that malicious actors are already engaging in 'Harvest Now, Decrypt Later' attacks, storing encrypted data to break in the future. This risk is so significant that BlackRock added quantum computing as a critical risk to its Bitcoin ETF filing, and researchers estimate 4 million BTC could be vulnerable. In response, Ethereum's Vitalik Buterin has proposed emergency hard-fork solutions. Concurrently, the market is experiencing a 'summer lull' with Bitcoin's volatility trending lower despite trading at new highs over $100,000, as noted by NYDIG Research. This low-volatility environment makes options trading relatively inexpensive. NYDIG suggests this presents a cost-effective opportunity for traders to use calls for upside exposure and puts for downside protection to position for directional moves ahead of anticipated market-moving events.