COINDESK · 2026-10-29 12:05 UTC

As $10 billion in bitcoin options near expiry, the tell is in the pricing

Bitcoin options traders are paying a premium for puts as protection against price declines, with puts trading 10 volatility points higher than calls after BTC dropped below $80,000. $10.86 billion in bitcoin options expire Friday on Deribit, with most open positions in calls at $90,000-$100,000 strikes now out of the money. Bitcoin's 30-day implied volatility index (DVOL) sits at 36, five points above realized volatility, indicating traders expect significant near-term price movements.

Loading the story on Tree News…