According to Huoxing Finance, on August 7, Glassnode released a market outlook stating that sentiment in the Bitcoin options market is improving, with a notable decline in short-term downside skew—the 1-week 25 Delta Skew has fallen to approximately 7%, indicating reduced near-term panic. However, longer-dated skew remains around 10%–12%, suggesting continued demand for downside protection. Currently, open interest in BTC call options stands at approximately $15 billion, higher than the $10 billion in put options; recent capital has been concentrated in the $61,000–$67,000 range, with a clear surge in purchases of $65,000 call options. Glassnode believes the market is shifting toward more bullish positioning, but has not abandoned risk hedging.
Glassnode: Bitcoin Options Sentiment Improves, Demand for Long-Term Downside Protection Remains High
MarsBitShare
Summary
On August 7, 2026, Glassnode reported that sentiment in Bitcoin options trading is improving, with short-term downside skew declining to approximately 7%. Long-term skew remains steady at 10%–12%, indicating sustained demand for long-term investment protection. Open interest in call options stands at $15 billion, exceeding put options at $10 billion. Recent buying activity has centered on the $61,000 to $67,000 range, with strong interest in $65,000 call options. The market is gradually shifting toward bullish positions while still emphasizing risk management through options trading.
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