Glassnode: BTC options open interest rebounds to nearly 550K BTC, market sentiment turns positive

According to Odaily, Glassnode data shows that as BTC rebounds toward $80,000, options market positioning has clearly shifted to a bullish stance. BTC options open interest has climbed back to nearly 550,000 BTC, with derivatives market participation rising again; the DVOL volatility index has bounced to around 41, though still below the previous high-volatility range of 50–60. Glassnode notes that the 25 Delta Skew across all tenors has narrowed significantly, with short-term skew turning negative, indicating reduced demand for downside protection and positioning leaning more balanced or bullish. BTC is currently in a dense Gamma zone between approximately $75,000 and $80,000, with recent flows concentrated at the $72,500 and $79,250 strike prices, where notable call buying has been observed at both levels, while put demand remains relatively limited.