According to Glassnode research, despite BTC prices testing February lows, options implied volatility has significantly cooled, with 1-week IV dropping from 60% to 35%. The market is pricing in less uncertainty compared to two weeks ago. However, Glassnode points out that market positioning remains defensive. Recent options are still leaning toward bearish exposure. Meanwhile, there’s approximately $1.8 billion in short gamma concentration near $62K BTC. If prices continue to decline, it could accelerate the retest of the $60K support. https://(wublock123.com)/news/glassnode-btc-options-volatility-cools-62k-short-gamma-downside-risk-63086