Glassnode data shows that as BTC rebounds toward $80,000, market participation in options has increased, with BTC open interest rising to nearly 550,000 contracts. The DVOL volatility index has rebounded to approximately 41, though it remains below previous high-volatility ranges. The 25 Delta skew across all maturities has narrowed, with short-term skew turning negative, indicating reduced demand for downside protection and a more balanced or bullish positioning. BTC is currently trading within a dense gamma zone between approximately $75,000 and $80,000, with capital flows concentrated at the $72,500 and $79,250 strike prices, showing clear bullish option buying activity.
BTC options open interest rises to nearly 550,000 as market sentiment improves
TechFlowShare
Summary
BTC options market activity has intensified, with open interest rising to nearly 550,000 as Bitcoin approaches $80,000. The DVOL index stands at 41, still below previous volatility peaks. Short-term 25 Delta Skew has turned negative, indicating reduced demand for downside hedges. Open interest is concentrated around $72,500 and $79,250, reflecting stronger bullish positioning in the options market.
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