The options market is pricing in a massive move. Options Open Interest rose +4.1% to $44.4B, Volatility Spread spiked +49.6% to -10.7%, and Delta Skew dropped 15% to 2.39. Open interest is expanding and downside hedging is declining. The market is getting complacent about a breakdown, which usually precedes a violent upside move. I'm long volatility / buying BTC calls, targeting $90k, invalidated if volatility collapses back to complacency. The options market is a coiled spring. Get your calls filled before the breakout. $BTC