According to CoinMeta, as per Wu's information, Glassnode indicates that as BTC rebounds towards $80,000, the positions in the options market are clearly shifting towards a more bullish direction. The open interest in BTC options has risen back to nearly 550,000 BTC, reflecting a renewed level of participation in the derivatives market. The dvol volatility index has also rebounded significantly, but it is currently around 41, still below the previous high range of 50–60. Glassnode points out that the delta for various maturities has skew significantly narrowed, with the short-term skew turning negative, indicating a weakened demand for downside protection in the market and positions tending to be more balanced or bullish. Currently, BTC has entered a dense gamma range of around $75,000 to $80,000, and recent capital flows have focused on strike prices of $72,500 and $79,250. There has been a noticeable buying of bullish options at these two levels, while the demand for put options has been relatively limited.