Bitcoin is trading around $83K–$84K, while traders are building heavy call-option positions for the October 30 expiry.
📊 Options snapshot: • ~118K active contracts • ~90K Calls vs ~28K Puts • Around 34% of the total options book • ~27K calls concentrated at the $90K strike
🔥 Key level: $85K
If BTC can secure two weekly closes above $85K, the $90K strike could become a major area of focus.
⚠️ But after the huge September quarterly expiry, near-term dealer hedging has changed, which could mean higher volatility as BTC approaches resistance.
👀 $85K → $90K This could be one of the key BTC zones to watch heading into Q4.