Glassnode: BTC option buying is concentrated in the $124000 to $130000 range, with a cumulative net buying of $41 million According to Glassnode monitoring, there has been a new net bullish buying frenzy in the Bitcoin (BTC) options market, with a cumulative net buying of $41 million in the $124000 to $130000 range. Meanwhile, bearish demand below spot prices is relatively weak. The recent market positioning suggests that the price of Bitcoin may approach the range of $120000 to $130000 rather than further decline.