Bitcoin: Options Volatility Compresses as Strikes Concentrate

Bitcoin native options remain subdued, with volatility and skew continuing to compress while positioning concentrates around key strikes and creates a clearer setup across the options complex, Glassnode reported on August 14, 2026.

Bitcoin trades at $62980.02 inside the Bollinger Bands on the 4h chart, testing short-term volatility exhaustion between the upper resistance at $64286.79 and lower support at $62791.12; the bearish trend structure holds with price below both EMA50 at $63927.66 and EMA200 at $63703.55, while RSI(14) at 36.04 stays neutral and MACD(12,26) at -339.16 confirms the death cross, pointing to a probable retracement toward the 50-EMA before any continuation in BTC price action.