Levolytics Research #18: Pricing in Expectations
Edition #18 | Website Update + Video
Welcome to the newest edition of Levolytics Research! The home of actionable data. If you enjoy the research, please subscribe and share our work with friends and colleagues, and follow @levolytics + @permabullnino on X, the Everything App.
Website Update + Video
This week we are internally focused on ensuring the website operates as intended, which includes:
Reliable data refreshes
The website itself runs smoothly from a user perspective
A few other small flows such as signing up new users, etc.
Our aim is to have most of these items completed by the end of the week
If all goes according to plan, we can wrap things up by next week to officially launch to our paid subscribers
The goal for this project is simple: create a hub that prepares users for all interests / walks of life with quality, high-signal data
More on this later…
Our Take on the Market
Our sights remain on the multi-month range for BTC, as the pinballing between $100,000 and $85,000 lives to fight another week.
Within, we will discuss:
Traders’ expectations for Q1 2026 using Deribit options open interest
Traders’ responsiveness to intra-range price action via Deribit options data
New signals of possible tide shifts emerging in IBIT options data
New levels of bearishness by looking at Bybit funding rate data
Let’s get into it!
Metric: Largest BTC Options Open Interest Strikes for Next 3 Months (JAN - MAR Monthly Expiry)
Blue lines = Popular Strikes for Calls
Red lines = Popular Strikes for Puts
Popular Call Levels:
$100,000
$120,000
Popular Put Levels:
$85,000
$70,000
Metric Takeaway:
