Wu Blockchain reports that Glassnode stated Bitcoin has pulled back to around $62,600, but the options market positions continue to recover. Data shows that Bitcoin options open interest has rebounded from a June low of approximately $25 billion to around $34 billion, though still below the 2025 peak. Bullish options open interest has climbed to about $23 billion, while bearish options are around $11 billion, with the Put/Call ratio dropping to approximately 0.5. This indicates market participants are leaning more toward upside exposure rather than downside protection. Meanwhile, the 1-week at-the-money implied volatility has dropped to around 34%, suggesting the market is still pricing in limited short-term volatility, with bullish positions significantly outweighing the demand for downside protection. https://(wublock123.com)/news/bitcoin-options-open-interest-rises-to-34b-implied-vol-low-65695