Glassnode data shows Bitcoin has rebounded about 26% from its mid-August low, but the options market is not pricing in another one-way move higher. Options expiring on Sept. 25 imply a one-month trading range of $69,000 to $89,700 for BTC, pointing to a cautious market stance rather than expectations of a continued breakout. The readout suggests traders see room for price movement in both directions over the coming month. The figures were cited by Techub News, with the item attributed to @WuBlockchain.
Bitcoin has rebounded about 26% from its mid-August low, according to data from crypto on-chain analytics firm Glassnode, but the options market is not pricing in a continued one-sided rally.
Options expiring on Sept. 25 imply a Bitcoin price range of $69,000 to $89,700 over the next month, indicating that the market remains cautious.
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