#Options Market Shows Shift in Trader Strategy


The crypto market is showing notable changes in trader positioning following Friday's significant liquidation event, with options data revealing evolving strategies.


Approximately $20 billion in positions were eliminated on Friday as $BTC moved 17% within hours. The sell-off, now referred to as "Black Friday," occurred after President Trump announced a 100% tariff on all Chinese products in response to Beijing's restriction on rare mineral exports.


Sean Dawson, head of research at on-chain options platform Derive, noted the scale of the event. "Friday's meltdown was the most dramatic in crypto history, with nearly $19 billion in liquidations across the market," he stated.


Dawson explained that market makers adjusted their positions to manage risk during the volatility. "Volatility has surged across all maturities, not just short-term options," he stated, indicating the market is experiencing a period of heightened activity.


Data shows traders are adjusting their positions, with notable interest appearing in various strike prices at $115,000 and $95,000 for $BTC, and $4,000 and $3,600 for $ETH. This reflects traders' positioning for different market scenarios.

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October 13, 2025 at 1:59 PM
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