BTC is range-bound around the 80,000 level, what signals does the options market reveal?

Question

[Coin World] Recently, traders in the circle have quite divided opinions on the market, with many believing that Bitcoin still needs to test the bottom once again. Currently, BTC is fluctuating between 80,000 and 88,000, and the 80,000 position can be considered neutral. This small rebound is probably nearing its end.

It is worth noting that the spread of ETH has suddenly widened. Technically, just focus on the MA30 and MA60 lines on the 1-hour chart. The options market is even more interesting, with out-of-the-money put options recently surging and open interest climbing up. A large batch of contracts will expire on the 25th, with the heaviest positions piled up.

In this volatile market, how do experienced traders usually play? Selling Call options at high points to earn premiums, while using Put Spreads at low points to control risk, the combined approach yields relatively stable returns. However, that said, the market sentiment does feel a bit subtle right now.

ImpermanentLossFan · Accepted Answer

80,000 is indeed a troublesome threshold, it feels like a repeated play for suckers.

Looking at the options, the out-of-the-money put orders are surging, I have a bad feeling about this.

However, Crypto Veterans selling calls to earn premiums is still a stable move, I just always miss the gains, haha.

Is the liquidation wave coming on the 25th? With such a thick position, aren’t we afraid?

The spread on ETH is so wide, is there a short-term ambush opportunity? Or is the market maker just trying to scare us?

Is this rebound going to break through 80,000? It feels like expectations are about to reverse again.

The most uncomfortable part of a volatile market is that you can’t make money and have to keep an eye on the market all the time.

So many out-of-the-money put orders hanging, what is it hinting at?

I can’t learn the combo moves played by Crypto Veterans, so I guess I’ll just stick to holding coins.

NewPumpamentals · Answer

The 80,000 hurdle really can&#39;t hold up anymore, it feels like it&#39;s going to break through again.

Are we grinding the bottom again? It&#39;s really annoying, just fall or rise directly.

Options are skyrocketing? Is this going to be a dump or a pump, can&#39;t figure it out.

Crypto Veterans are all eating premiums, and we can only wait to be played people for suckers.

Delivery on the 25th, it will be another bloody storm by then.

ETH spreads are so wide? Is there some insider information?

This rebound is almost gone, is it going to start falling again?

Out-of-the-money puts are piling up crazily, what big move is the market maker holding back?

Those entering the market now are all warriors, I will wait a bit longer.

Subtle emotions? That means someone is pumping to buy the dip.

BTCWaveRider · Answer

80,000 is really grinding, looking at the actions on the options side, it seems the bearish sentiment is quite strong.

Out-of-the-money puts are skyrocketing? Hey, the 25th is likely to break through.

Let it consolidate, we can just earn the premium, anyway we can’t escape this range.

ETH&#39;s spread just pumped like this, we should have been alert.

This sentiment is indeed subtle, not rushing to enter is the hard truth.

BetterLuckyThanSmart · Answer

The 80,000 position is really stuck tight; it feels like it will either break or rebound, with no middle ground.

With the out-of-the-money put options trading so fiercely, is the market maker lying in ambush for something?

The liquidation show on the 25th is about to start, which is quite interesting.

Crypto Veterans are selling Calls to collect premiums, and they need to keep a close eye on stop losses, that&#39;s true.

The spread for this wave of ETH has opened up so much; I can smell blood in the water.

Is there still support below 80,000? It feels like someone is testing the bottom.

Consolidation is just exhausting; it&#39;s better to wait for a clear direction before jumping in.

Looking at the options posture, the short positions aren’t so absolute after all.

How&#39;s the MA30 and MA60 lines doing on the 1-hour chart? Is anyone looking at that?

Right now, the biggest test is mental; fidgeting around just means giving away money.

BackrowObserver · Answer

The 80,000 level is really frustrating, feels like the market is waiting for some kind of signal.

Looking at the options, the out-of-the-money puts are skyrocketing, which means the big players are all buying insurance—it's a bit crazy.

There's a huge buildup of positions expiring on the 25th, so there will definitely be some action then. Let's wait and see.

AirdropHunterXiao · Answer

The 80,000 level is really annoying, it&#39;s been a repetitive range-bound play

The value of put options is skyrocketing, some are betting on a fall

Call premiums are tempting, but one must be cautious when catching a falling knife

The liquidation wave is coming on the 25th, positions are outrageously thick

Crypto veterans are all collecting premiums, I&#39;m still waiting for a breakout

With ETH spreads opening like this, is there a big event on the horizon?

The market sentiment is subtle, my intuition tells me there&#39;s something fishy

Grinding from 8 to 8.8, it’s really testing my patience

Put spreads look stable, but the risk is not small

The bottom hasn’t been tested yet, don’t rush to go all in

ruggedNotShrugged · Answer

The 80,000 level is too torturous, feeling like neither long positions nor short positions have the upper hand.

Out-of-the-money puts skyrocketing? This signal is a bit suspicious.

Premiums are a good thing, just afraid that the batch of contracts on the 25th will explode and everything will be over.

With the ETH spreads this wide, is there going to be a major fluctuation?

This small rebound disappeared quickly, the range-bound battle is hurting.

I can&#39;t learn the steady profit tactics of Crypto Veterans, just want to take a gamble.

Is another bottom test going to happen below 80,000? Then my position is really in danger.

Combination punches sound simple but are full of traps when executed.

Right now, I really don&#39;t know whether to go short or long; the market sentiment is indeed subtly off.

With out-of-the-money puts stacking so high, should I think about reversing my strategy?

DegenDreamer · Answer

The 80,000 level feels just like a chicken rib, can&#39;t rise up nor fall down. Seeing the options side crazily piling up positions makes me a bit anxious.

The out-of-the-money put options are rising so much, is everyone betting on a big dump?

The ETH spread has widened so drastically, feels like something&#39;s about to happen.

The delivery date on the 25th is approaching. With positions piled up so thick, will there be a disturbance then?

I just want to ask, is this market really at the bottom or is it a trap? It feels like no one really knows.

Selling calls at high positions to collect premiums sounds simple, but in practice, it&#39;s like dancing on a tightrope.

This rebound really lacks strength, feels like it&#39;s about to be smashed back down soon.

The combo punches of Crypto Veterans sound professional, but when losing money, it&#39;s a collective loss.

Going back and forth between 80,000 and 88,000, I&#39;m watching the candlesticks almost wear out.

LightningClicker · Answer

80,000 is really a tough hurdle, feels like it&#39;s about to break down

The value of put options skyrocketing? Oh my, what kind of signal is this, everyone seems to be betting on a fall

The contract pile on the 25th is so thick, be careful not to be played for suckers, brothers

The spread for ETH has widened so much, must keep a close eye on it, feels promising

This round of rebound really lacks momentum, no wonder everyone says it still needs to test the bottom

Selling Call options for premium sounds nice, but it just feels exhausting

Market sentiment being subtle means, in simple terms, no one knows which way it’s going

Going back and forth between 88,000 and 88,800, my heart is also fluctuating

Crypto veterans&#39; combo punches sound low risk, unfortunately, I don&#39;t have that much capital

This is "guaranteed profit", provided you can survive until the dividend day