Glassnode: Bitcoin Market Volatility Returns as Options Volatility and Market Sentiment Repair in Sync

According to Odaily, Glassnode analysis indicates that Bitcoin has broken through key resistance, rising to the $82,000-$83,000 range, ending weeks of narrow consolidation, and signaling a return of market volatility. Options data shows that short-term 1-week implied volatility has rebounded by approximately 6 points, while long-term volatility remains moderate, with short-term trading demand recovering rapidly.

In terms of sentiment and positioning, the 25-delta skew is converging toward neutral, indicating reduced demand for downside hedging. Short-term positioning leans bearish, while long-term views are turning bullish, reflecting a repricing of upside expectations. Structurally, implied volatility has exceeded realized volatility, and the VRP (Volatility Risk Premium) has turned positive. A concentrated "short gamma" zone of approximately $2 billion exists near the $82,000 level, which could amplify price swings. Over the past 24 hours, call option sell orders account for 81% of total volume, suggesting the market is leaning toward consolidation.