**[Bitcoin Options Traders Bet on $90K Rebound, Analysts Say Market Shows Early Signs of Bottoming Out]** According to The Block, analysis from the on-chain derivatives platform Derive indicates that Bitcoin options traders are building positions, betting on the market bottoming out and potentially rebounding to $90,000. Sean Dawson, Head of Research at Derive, noted that after weeks of uncertainty, the market is showing signs of stabilization. Bitcoin volatility has fallen back to the 50% range, which is typically associated with consolidation rather than panic selling. The 25-delta skew, an options sentiment indicator, has significantly recovered from -15% in late February to around -7%, suggesting that traders' defensive sentiment is weakening. Options flow data shows a large accumulation of call options with strike prices of $80,000 and $90,000 expiring on March 27, indicating traders expect prices to rebound to the $85,000–$95,000 range. However, put options remain concentrated at $60,000 and $55,000, reflecting that while the market is bullish, traders are maintaining necessary downside protection. Bybit analysts pointed out that although the $70,000 level still poses resistance, the clarification of macroeconomic policies could restore market confidence and foster a strong bullish narrative.