BTC options volatility rises, short-term put hedge demand weakens

ChainCatcher reports that Glassnode noted that after Bitcoin broke through resistance to enter the $82,000–$83,000 range, market volatility has significantly rebounded. Option data shows that near-term implied volatility (IV) has sharply recovered from its October 2025 low, with the 1-week IV rising by 6 percentage points, signaling renewed demand for short-term options. The 25D skew has continued to compress toward neutrality, indicating reduced demand for put hedges. The volatility risk premium (VRP) has turned positive, meaning option-implied future volatility now exceeds spot realized volatility. Meanwhile, nearly $2 billion in short-term gamma shorts are clustered around the $82,000 level, suggesting dealer hedging activity could amplify current price movements. Over the past 24 hours, 81% of the trading flow consisted of sold call options, indicating that some traders are beginning to lock in gains, with overall positioning leaning toward consolidation rather than panic hedging.