Bitcoin Derivatives Indicate Trading Range Between $85,000 and $100,000
Bitcoin derivatives markets currently suggest a stable trading range for BTC between $85,000 and $100,000. Put options with strike prices at $85,000 are being heavily sold, with a notional open interest exceeding $2 billion. This activity indicates that traders expect Bitcoin to maintain support above $85,000 in the near term.
Simultaneously, call options at the $100,000 level are also being written, with notional open interest around $2.37 billion. This points to a capped upside and resistance near six figures.
According to data from Wintermute and comments from Jasper De Maere, volatility may remain contained within this broad band as both puts and calls are sold for premiums. The heavy put selling can create a self-fulfilling floor, where hedged buyers or spot market participants are incentivized to purchase BTC near $85,000.
Meanwhile, call overwrites generate premium but could exert selling pressure on the spot market if prices approach $100,000, potentially hindering a breakout above that level.
At the time of reporting, Bitcoin is trading around $87,400, squarely within this defined trading corridor.
