All the OG crypto bros doing everything they can to keep it in a range and take peoples coins. Happens every time, until it doesnt.
Ok-Doughnut5042 on
Most of December, price has been pinned in the same range, and a big reason seems to be options positioning. There’s been a huge cluster of options around current levels, which forces dealers to hedge constantly. When price dips, they buy. When it moves up, they sell. Not because they’re bullish or bearish, but because they have to stay neutral.
That kind of setup naturally crushes volatility. It’s annoying for spot holders, especially while stocks are moving and gold is hitting new highs, but it doesn’t really say much about demand or lack of it.
What’s interesting is that a large batch of bitcoin options is about to expire, clearing out a big chunk of open interest. A lot of those positions are calls sitting well above the current price. Once that hedging pressure fades, the range that’s been holding price in place should weaken too.
In past cycles, when this kind of “suppression” ends during low volatility, price usually moves in the direction of where positioning was leaning, not sideways forever.
So I’m starting to think this range was more about containment than distribution. Curious how others here see it do you think this chop is hiding something bigger, or are we just overthinking it?
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All the OG crypto bros doing everything they can to keep it in a range and take peoples coins. Happens every time, until it doesnt.
Most of December, price has been pinned in the same range, and a big reason seems to be options positioning. There’s been a huge cluster of options around current levels, which forces dealers to hedge constantly. When price dips, they buy. When it moves up, they sell. Not because they’re bullish or bearish, but because they have to stay neutral.
That kind of setup naturally crushes volatility. It’s annoying for spot holders, especially while stocks are moving and gold is hitting new highs, but it doesn’t really say much about demand or lack of it.
What’s interesting is that a large batch of bitcoin options is about to expire, clearing out a big chunk of open interest. A lot of those positions are calls sitting well above the current price. Once that hedging pressure fades, the range that’s been holding price in place should weaken too.
In past cycles, when this kind of “suppression” ends during low volatility, price usually moves in the direction of where positioning was leaning, not sideways forever.
So I’m starting to think this range was more about containment than distribution. Curious how others here see it do you think this chop is hiding something bigger, or are we just overthinking it?