Svmuu News: According to data from the on-chain derivatives platform Derive, Bitcoin options traders are building positions in anticipation of a rebound to $90,000, with early signs suggesting the market may be attempting to form a bottom.Sean Dawson, Head of Research at Derive, noted that the Bitcoin’s volatility has fallen back into the 50% range, a level historically associated with consolidation rather than panic selling.The 25-delta skew indicator has rebounded from approximately -15% in late February to around -7%, suggesting that traders are shifting from aggressive defense to a more balanced outlook.Bitcoin options expiring on March 27 currently hold the largest open interest, with significant accumulation of call options at the $80,000 and $90,000 strike prices, indicating that bulls are positioning themselves for a recovery to the $85,000 to $95,000 range over the next month.However, there remains a substantial open interest in put options at the $60,000 and $55,000 strike prices. The Bitcoin is currently trading at approximately $84,000, down 3.2% over the past 24 hours.The U.S. spot-Bitcoins ETF had previously seen net outflows for four consecutive months, but has recorded over $1 billion in net inflows over the past three days, including $254.4 million on Thursday, with BlackRock’s IBIT and Bitwise’s BITB contributing $275.8 million and $69 million, respectively. Binance Research indicates that hedging in the options market has reached its most extreme levels since the FTX collapse, and recent price movements in the crypto market have shown a high correlation with high-beta tech stocks.Han Tan, Chief Market Analyst at Bybit, stated that the $70,000 psychological barrier has continued to weigh on bulls this month, and Bitcoins may record a fifth consecutive month of decline. However, fundamentals remain supportive, and capital flows may reverse once the macroeconomic environment becomes clearer.