Bitcoin Surges Past $65,000 as Derivatives Markets Rebound

Bitcoin's price has rebounded past $65,000 after adding over 1% to its value. The blockchain analytics firm Glassnode noted that while spot trading volumes remain subdued, derivatives markets are showing signs of recovery.

The growing Open Interest in Bitcoin futures and options suggests traders are preparing for larger moves ahead. According to CoinGlass, Bitcoin futures Open Interest climbed to approximately $48.8 billion alongside the recent price recovery.

Glassnode also observed that the gap between implied and realized volatility has narrowed considerably, indicating that traders are no longer assigning the elevated risk premium that dominated during June's sell-off.

US spot Bitcoin ETFs attracted $110.4 million in inflows on Monday, after recording $76.2 million in net inflows last week. This suggests institutional interest is stabilizing, although speculative buying remains measured rather than aggressive.