Data: Bitcoin consolidates between $62,000 and $72,000, with open interest in options approaching a new all-time high

2026-02-28 01:37:24

Abstract generation in progress

Mars Finance reports that, according to Glassnode data, Bitcoin is currently consolidating between $62,000 and $72,000 and is expected to close down for the fifth consecutive month. Despite the weak market environment, Bitcoin options open interest (OI) has returned to a historical high, and it is anticipated to break the peak of 550,000 Bitcoin set in December last year within a few days, highlighting the importance of the options market once again. Meanwhile, implied volatility (ATM IV) has retreated from early peaks but remains above levels from a month ago. The implied volatility pricing for 1-month and 3-month tenors is around 47%, about 10 volatility points higher than last month, indicating that investors’ demand for protection remains steady.

BTC-3.92%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.