$BTC OPTIONS just went absolutely wild and this move caught many off guard

Instrument BTC 251224 82000 PUT

Last price 10.00

24H change minus 71.40 percent

24H high 40.00

24H low 5.00

Mark price 2.471

24H volume 150.32 contracts

24H USD volume around 13.23M

Price exploded from the 5 zone straight to 35 plus showing a sudden volatility spike then dumped hard back near 10. This is a classic option volatility event where premiums expand fast and collapse even faster. Late buyers got crushed while early positions paid big.

Key zone to watch

Support near 5 to 7

Resistance near 15 then 25

Above 25 only if fresh volatility enters

Market feeling extreme and dangerous. This is not spot price action this is pure volatility and premium decay at work. Only experienced options traders should touch this zone.

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