Bitcoin Options Traders Shift to Short-Term Premium Sales as Range-Bound View Dominates

Options market participants are increasingly selling short-dated volatility on Bitcoin rather than positioning for breakout moves. The shift follows a two-month period that erased over $1 trillion from the crypto market. BTC has consolidated between $80,000 and $100,000 over three weeks, with premium sellers treating the pattern as evidence the asset may remain range-bound.