Glassnode: BTC options buying is concentrated in the range of $124,000 to $130,000, with a cumulative net buying of $41 million

According to Glassnode monitoring, the Bitcoin (BTC) options market has seen a new surge in net bullish buying, with $41 million in net buying in the $124,000 to $130,000 range. Meanwhile, bearish demand below the spot price is weak. Recent market positioning suggests Bitcoin prices may be heading towards the $120,000 to $130,000 range rather than further downward movement.