Bitcoin options price a quiet CPI week while shorts cluster at $76,000–$80,000

Bitcoin options expiring Friday carry substantial put exposure below the market price, while short-term volatility pricing has fallen ahead of Wednesday's US inflation report.Data from Coinbase-owned Deribit, a crypto options exchange, showed that in an Oct. 12 snapshot the Oct. 16 settlement carried approximately 15,502 BTC in outstanding options, comprising 9,128 BTC in puts and 6,373 BTC in calls. The put-to-call ratio stands at 1.43, with about $451 million in underlying notional exposure concentrated in puts at $76,000, $78,000 and $80,000.The snapshot put Bitcoin near $83,450 after last week's selloff, while derivatives platform Laevitas reports declining short-term volatility expectations ahead of the Consumer Price Index (CPI) release.Bitcoin puts cluster between $76,000 and $80,000Deribit's options data shows the largest concentration of puts at the $80,000 strike, with outstanding contracts carrying about $188 million in underlying notional exposure.Another $162 million is concentrated at $78,000, while the $76,000 strike accounts for approximately $101 million.Combined, the three levels represent nearly 35% of the $1.29 billion options expiry, highlighting the scale of d...