【About the
#bitcoin Market】
👇 A look at
$BTC from the options market perspective
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The market appears to be waiting for today’s PPI.
Even if PPI causes a short-term move, with CPI coming tomorrow, the market may quickly return to a wait-and-see mode.
This CPI is especially important because the FOMC meeting follows shortly after, making it a key data point for the outlook on U.S. monetary policy and interest rates.
Ahead of these events, let’s look at the key levels being watched in the Bitcoin options market.
BTC is currently around $78,000.
First, 24-hour options volume.
(Images 1 and 2)
On the Call side, activity is concentrated around:
$79,000–$82,000
Especially $80,000, $81,000, and $82,000, which appear among the most actively traded strikes.
On the Put side, activity is concentrated around:
$75,000–$78,000
The $70,000 Put also ranks at the top, showing that some traders are positioning for a larger downside move.
However, this is only 24-hour volume, so it should not be treated as confirmed support by itself.
Next, let’s look at dealer gamma positioning and hedging flows.
(Image 3)
Key levels appear to be:
Upside:
$80,000 → $82,000
Downside:
$77,000 → $75,000
So the immediate battleground looks like:
$77,000–$80,000
A break above could bring $82,000 into focus, while a clear break below $77,000 could open the way toward $75,000.
Volatility is also worth watching.
Although spot price action remains relatively contained, BVIV is now around 42%, up from the 38% range over the past 7 days.
In other words, the options market is pricing in a higher probability of larger price swings ahead.
With PPI today and CPI tomorrow, this rise in implied volatility is understandable.
Now let’s see how the market reacts to both releases.
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