BTC Options Open Interest Rebounds to 550,000 as Market Sentiment Turns Bullish

Glassnode data shows BTC options open interest has climbed back to nearly 550,000 BTC as the price approaches $80,000. The DVOL volatility index rose to 41, while the 25 Delta Skew narrowed, indicating a shift toward bullish sentiment and reduced demand for downside protection. Significant call option buying is concentrated at the $72,500 and $79,250 strike prices.