Bitcoin options show increased demand for upside convexity
Summary
Bitcoin options are currently showing a tendency toward upside convexity, with calls trading 2.1 volatility points above comparable puts at the 1-week 25Δ point, reflecting a 91st percentile reading. This shift in options positioning suggests either sensible trading behavior or crowded demand as traders adjust their views on Bitcoin's price direction. Such changes in options skew have been influenced by anticipated Federal Reserve policy announcements, which have led to adjustments in put and call premiums.
Tokens
$BTC
Analysis
Bitcoin: Bitcoin is the leading cryptocurrency operating on a decentralized blockchain network that enables peer-to-peer transactions without intermediaries. Recent market activity shows options traders positioning for potential upside moves in Bitcoin through elevated demand for calls relative to puts at short tenors. This reflects ongoing evolution in derivatives sentiment amid broader crypto market dynamics. Macro Context: Bitcoin options skew has responded to anticipated Federal Reserve policy announcements with adjustments in put versus call premiums. Options Positioning: Bitcoin options have recently displayed shifting risk reversals with periods of call richness at certain tenors indicating evolving trader views on price direction.
Categories
crypto
Related sources
- https://x.com/i/status/2107264757485191396
- https://x.com/i/status/2106413973008683209
- https://oxtane.xyz/markets/options
- https://blockcast.it/2026/09/14/bitcoin-options-turn-bullish-for-the-first-time-in-a-year/
- https://www.derivasys.com/reports
- https://x.com/i/status/2107327431212146845
- https://x.com/i/status/2105085024001561025
- https://cryptobriefing.com/bitcoin-options-put-skew-fomc-meeting/
- https://www.derivasys.com/reports/2026-09-18
- https://x.com/i/status/2107222943423975539