Bitcoins derivatives market is pointing toward stability rather than a dramatic breakout or crash, as options activity on Deribit suggests BTC is likely to trade within a well-defined range in the near term. With Bitcoin hovering around the $87,000$88,000 level, traders are increasingly positioning themselves to profit from sideways price action, a strategy commonly referred to as volatility harvesting. Data from Deribit, analyzed by market maker Wintermute, shows strong downside support near $85,000 driven by heavy put selling. Put options pay out if Bitcoin falls below a certain price, so...