Glassnode2026-08-28 13:44:21Glassnode: BTC Options Open Interest Rebounds to Near 550K as Sentiment Turns PositiveGlassnode data shows that Bitcoin's rebound toward $80,000 has pushed options market positioning into a clearly more constructive direction. Open interest in BTC options has recovered to nearly 550,000 BTC, indicating renewed participation in derivatives. The DVOL volatility index has rebounded to around 41, though it remains below the 50–60 range seen in the earlier high-volatility stretch. Across all tenors, 25 Delta Skew has narrowed notably, and short-term skew has flipped negative, a signal that demand for downside protection has weakened and positioning has tilted toward a more balanced or bullish stance. BTC is now in a dense gamma zone between roughly $75,000 and $80,000, with recent flows concentrated around the $72,500 and $79,250 strike prices. At both levels, bullish call buying has been visible, while put demand has remained relatively limited.920
Bitcoin2026-08-07 14:50:09Bitcoin Options Sentiment Improves as Short-Term Skew Eases, Glassnode SaysGlassnode says Bitcoin options sentiment is improving as the one-week 25-delta skew drops to about 7%, signaling calmer near-term nerves. Longer-tenor skew remains around 10%–12%, keeping downside hedges in demand. BTC call open interest stands near $15 billion versus $10 billion for puts, with positioning concentrated in the $61,000–$67,000 strike range and notable buying of $65,000 calls. Traders are turning more constructive without ditching protection.1760
