$BTC BITCOIN STUCK IN A VOLATILITY CAGE — AND FRIDAY HOLDS THE KEY
Bitcoin is pinned between $85,000 and $91,000, and it’s not by accident. This entire range is loaded with heavy put and call interest, effectively boxing price in while options dealers keep BTC magnetized toward the middle.
Right at the center sits $88,000—the level Bitcoin keeps drifting back to like a gravity well. That’s classic options behavior. When open interest stacks on both sides, price gets suppressed, chopped, and stabilized until the pressure is released.
But that release date is coming. Friday’s major options expiry could break the spell. Once those contracts roll off, the market loses its anchor—and that’s when volatility usually wakes up. Direction isn’t guaranteed, but movement is.
Compression doesn’t last forever.
When Bitcoin finally escapes this range, it likely won’t be subtle.
Does BTC break higher… or flush first once the options leash comes off?
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