Calm weather… until it isn’t.
BTC OI stacked at $62K (puts) and $72K (calls) into week’s end — looks like dealers boxed the range.
Big downside protection at 62, upside bets at 72… everything in between = chop zone.
No clear directional conviction, just positioning and hedging doing their thing.
Feels like a classic “pin it and bleed vol” setup.
Posted Apr 1, 2026, 8:21 PM UTC
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