Deep Tide TechFlow News, February 27, According to Glassnode data, Bitcoin is currently consolidating between $62,000 and $72,000 and is expected to close lower for the fifth consecutive month. Despite the weak market environment, Bitcoin options open interest (OI) has returned to a historical high, and it is expected to break the peak of 550,000 Bitcoins set in December last year within a few days, once again highlighting the importance of the options market. Meanwhile, implied volatility (ATM IV) has fallen from its early peak but remains above levels from a month ago. The market's implied volatility pricing for 1-month and 3-month tenors is around 47%, about 10 volatility points higher than last month, indicating that investors' demand for protection remains stable.