The short-term market is cold. The options book isn’t.
Bitcoin is trading near $83K, well below the $87K seen days ago. Even so, positioning in calls remains concentrated above $90K. The $95K and $100K strikes continue to be among the most loaded, with emphasis on the October 30 expiration, including structures targeting the region of $ 95K.
On the institutional side. U.S. spot ETFs have notched eight straight sessions of inflows. Yesterday added another $ 31 million. In the prior week, the block reached about US$ 2.4 billion, the largest weekly total since October 2025.
Retail’s bullish sentiment has been broken, but demand for upside is still in the book. Price and positioning are misaligned for now. What’s driving the short term is mood. Whoever is paying the call premium is looking at the next move higher—and you can be sure it will come in the next few days.
You don’t want to miss the next leg higher; that’s where traders will make a lot of money.
Bitcoin is trading near $83K, well below the $87K seen days ago. Even so, positioning in calls remains concentrated above $90K. The $95K and $100K strikes continue to be among the most loaded, with emphasis on the October 30 expiration, including structures targeting the region of $ 95K.
On the institutional side. U.S. spot ETFs have notched eight straight sessions of inflows. Yesterday added another $ 31 million. In the prior week, the block reached about US$ 2.4 billion, the largest weekly total since October 2025.
Retail’s bullish sentiment has been broken, but demand for upside is still in the book. Price and positioning are misaligned for now. What’s driving the short term is mood. Whoever is paying the call premium is looking at the next move higher—and you can be sure it will come in the next few days.
You don’t want to miss the next leg higher; that’s where traders will make a lot of money.
