Analysis: Bitcoin options traders are betting on a price rebound to $90,000, suggesting the market is showing initial signs of bottoming out.

Huoxun Finance reported on February 27th that, according to The Block, analysis from on-chain derivatives platform Derive shows that Bitcoin options traders are building positions, betting on a market bottom and a potential rebound to $90,000. Sean Dawson, Head of Research at Derive, pointed out that the market is showing signs of stabilization after weeks of uncertainty. Bitcoin volatility has fallen back to the 50% range, which is typically associated with consolidation rather than panic selling. The 25-delta skewness indicator for options sentiment has rebounded significantly from -15% in late February to around -7%, indicating that traders' defensive sentiment is weakening. Options fund flows show a large accumulation of call options with strike prices of $80,000 and $90,000 in contracts expiring on March 27th, suggesting that traders expect prices to rebound to the $85,000 to $95,000 range. However, put options remain concentrated at $60,000 and $55,000, indicating that the market maintains necessary downside protection while remaining bullish. Bybit analysts point out that although the $70,000 level still presents resistance, the recovery in market confidence, as macroeconomic policies become clearer, could fuel a strong bullish narrative.