Bitcoin's options market presents two contrasting stories: a tightly controlled near-term bound by dealer hedging and a year-end setting poised for potential volatility. Currently priced around $113,500, Bitcoin is wedged in a tight zone where market mechanics dictate movement, hinting at limited near-term shifts. However, December looms with open interest that could redefine Bitcoin's path, as the gamma surface flattens and dealers' obligations diminish. What pivotal movement might flip the market's script as we approach the year's end? Discover the strategic shifts that could define the next breakout.
Bitcoin options pinned at $113k, traders may wait until December to unlock volatility
Short-term expiries are locking price near $113k–$115k, but year-end structures remove the airbrakes and leave room for larger swings.
3 min read
Updated: Sep. 30, 2025 at 1:06 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Deribit
Deribit is an institutional grade cryptocurrency derivatives platform that is a leader in the crypto options market.
