Mars Finance reports that on August 28, Glassnode stated that Bitcoin has rapidly rebounded and is once again approaching $80,000, with the options market also sending more bullish signals. Open interest (OI) in options has risen in tandem with BTC’s price and is now nearing 550,000 BTC, indicating a clear recovery in capital and participation in the derivatives market. Meanwhile, DVOL has surged back to approximately 41, signaling renewed demand for volatility—though it remains significantly below the previous high-volatility range of 50–60+, suggesting the market has not yet entered an extreme state. From an options structure perspective, the 25 Delta Skew has narrowed noticeably across all maturities, with short-term Skew even turning negative, indicating reduced demand for downside protection and a gradual shift in positioning toward a more balanced or even bullish bias. After breaking above $70,000, BTC has now entered the dense Gamma zone between $75,000 and $80,000, where long and short options exposure is concentrated near key strike prices. As positions continue to adjust, price sensitivity to options market dynamics may further intensify. Recent options flow has been heavily concentrated around the $72,500 and $79,250 strike levels, with clear buying pressure in call options and relatively limited demand for puts, suggesting traders are betting on further upside for BTC. Overall, BTC’s rebound has driven a sustained recovery in options positioning, with declining demand for downside protection and strengthening call buying flow. While volatility has rebounded, it remains at relatively moderate levels; if the upward momentum persists, there is still room for further repricing in the options market.
Demand for Bitcoin put options declines as traders bet on further price increases
MarsBitShare
Summary
On August 28, 2026, Bitcoin’s price rose toward $80,000, driving positive momentum in the options market. Open interest in BTC options approached 550,000 BTC, while DVOL climbed to 41, indicating increased demand for volatility. The 25 Delta Skew narrowed, with short-term Skew turning negative, reflecting reduced demand for put options. With Bitcoin trading above $70,000, it now encounters a concentrated Gamma zone between $75,000 and $80,000. Call options experienced strong buying pressure, while put demand remained limited, as traders positioned for further upside in BTC.
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