Glassnode: BTC Options Reprice Risk Amid Drawdown

Glassnode highlights how BTC options markets are repricing risk, volatility, and probabilities for the next major move during Bitcoin's ongoing drawdown.

Traders watch positioning and implied volatility trends closely as the market digests recent price action around the $61728 level.

Price holds a bullish trend structure above the EMA50 at $60704.59 while the EMA200 at $64834.46 caps upside; with RSI at 61.2 remaining neutral and MACD confirming a golden cross at 466.18, Bitcoin tests the upper Bollinger Band resistance near $62634 before any deeper pullback toward the $57702 lower band support appears likely.