Bitcoin options data from Glassnode, as cited by Odaily, show open interest climbing back toward roughly 550,000 BTC, with derivatives activity rebounding and the DVOL index around 41, below the prior high range.

The 25-delta skew across maturities has narrowed markedly, with the near-term skew turning negative, indicating softer demand for downside hedges and a more neutral to bullish positioning bias.

BTC is in a concentrated gamma zone roughly between $75,000 and $80,000, with recent flows centered at the $72,500 and $79,250 strikes where call buying has been more pronounced and put demand has been limited.