Bitcoin Options Data Gives Bullish Signals

In recent days, the volatility in the crypto market could be a significant turning point for Bitcoin (BTC) investors. According to Glassnode data, there is a net premium concentration in the Bitcoin options market in the $115,000 - $130,000 range. This situation indicates that investors are taking long positions despite the downturns in the markets.

The severe liquidation wave experienced last week led to substantial losses in futures; however, options data suggest that investors are viewing this process as a "leverage reset." Glassnode's published heat map reveals that demand for call options remains high despite the price drop. Thus, it appears that investors have developed a belief that the price of Bitcoin will move upward again.

Moreover, a noteworthy accumulation of premiums is observed in Bitcoin options above $130,000. This concentration at these levels suggests that institutional investors expect a strong recovery in the price of Bitcoin in the medium term. Experts indicate that despite the reduction in leverage in futures, this trend seen in the options market signals long-term optimism for Bitcoin.

Additionally, viewing the $115,000 level as a short-term bottom could be an important indicator for investors. Furthermore, the increasing institutional interest in Bitcoin due to ETF entries could further strengthen this situation.

In conclusion, critical price levels that could affect Bitcoin's performance for investors are between $115,000 and $130,000. These values, which need to be monitored, play a significant role in determining the market direction.