Glassnode: Bitcoin rebounds 26%, options market remains neutral
2026-08-27 11:26:08
According to CoinMeta, according to the latest weekly report from Glassnode, Bitcoin has rebounded by about 26% since its mid-August low, but the options market has not priced in a further one-sided rally. Data shows that as of September 25th, the implied price range for the middle 70% of options contracts is around $69,000 to $89,700, with the median close to the current spot price, reflecting the market's generally neutral to cautious attitude towards the next month. Glassnode points out that the range of $81,000 to $86,000 encompasses the cost range for long-term holders, sell orders, the gamma turning point, and the remaining short liquidation zone. Only if BTC can hold steady at $83,300 and there is a continuous inflow of ETF, can it be confirmed that the upper supply is effectively absorbed; otherwise, $70,000 and the range of $62,000 to $65,000 will still be the main support levels below.
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