Bitcoin’s price volatility is surging back to levels not seen since before the arrival of spot Bitcoin ETFs. The increase has analysts predicting a return to options-driven price action, potentially leading to a major breakout. With the DVOL index currently at 60, market experts believe we could see a repeat of pre-ETF days where sharp price movements were driven by options traders betting on big swings. This renewed volatility signals a shift in trader behavior as options become more attractive, especially for institutions and experienced players looking to profit from price fluctuations. Increased activity in options positioning typically means traders are anticipating future price movement, both up and down. The resulting hedging activities could lead to heightened price action and potentially propel Bitcoin towards new all-time highs. A surge in volatility could be a sign that the crypto market is gearing up for a major shift.