Glassnode: Bitcoin consolidates in the $62,000-$72,000 range, with open interest in options approaching a record high

2026-02-27 14:51:42

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Deep Tide TechFlow News, February 27 — According to Glassnode data, Bitcoin is currently consolidating between $62,000 and $72,000 and is expected to decline for the fifth consecutive month. Despite the weak market environment, Bitcoin options open interest (OI) has returned to historic highs and is expected to break the peak of 550,000 BTC set in December last year within a few days, once again highlighting the importance of the options market. Meanwhile, implied volatility (ATM IV) has retreated from early peaks but remains above levels from a month ago. The market is pricing implied volatility for 1-month and 3-month tenors at around 47%, about 10 volatility points higher than last month, indicating that investors’ demand for protection remains steady.

BTC-2.64%

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