PANews reported on August 19th that Glassnode monitoring indicates a new hotspot of net bullish buying in the Bitcoin (BTC) options market, with cumulative net buying reaching $41 million 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 moving closer to the $120,000 to $130,000 range, rather than further downward.