[glassnode: Bitcoin Options Sentiment is Improving, but Long-Term Downside Protection Demand Remains High] BlockBeats News, August 7th, glassnode released a market analysis stating that sentiment in the Bitcoin options market is improving. Short-term downside skew has significantly declined, with the 1-week 25 Delta Skew dropping to approximately 7%, indicating a recent easing of panic. However, longer-term skew remains at around 10%–12%, suggesting that demand for downside protection persists. Currently, the open interest for BTC call options is approximately $15 billion, higher than the roughly $10 billion for put options. Recent capital has primarily concentrated in the $61,000 to $67,000 range, with a notable increase in $65,000 call option purchases. glassnode believes the market is shifting toward more aggressive positioning but has not yet abandoned risk hedging. [Original Link]