Traders who treat options as all-or-nothing bets are missing the main way they make money, which matters most in quiet markets like the ones Bitcoin has drifted through lately.

• Options are really bets on volatility — how much a price moves — not just bets on direction.
• You can make money when the price goes nowhere, by trading a range instead of a breakout.
• Bitcoin has offered several of these flat, range-bound stretches recently.
• The same tools work in reverse, capturing sudden breakouts when volatility explodes.

Outlook: Quiet, sideways stretches in Bitcoin are likely to keep rewarding range trades until the next breakout.