Tandem
Tandem is the venture capital arm of Offchain Labs and will invest in the team through funding and deep collaboration with the Offchain Labs team.
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Glassnode: BTC Rises to ~$82,000 in Its 20th Week, with On-Chain Activity and Derivatives Risk Appetite Rising in Tandem
Glassnode’s Week 20 BTC Market Report states that BTC rose last week from above $77,000 to below $82,000, with strengthening spot demand and futures activity and sustained buying absorbing pullbacks. The report notes rising Spot Cumulative Volume Delta (CVD), spot trading volume, futures open interest, and perpetual swap CVD—indicating a rebound in market risk appetite. However, price momentum slowed, and long funding rates declined, signaling a marginal cooling of bullish sentiment. In the options market, demand for downside protection decreased and open interest increased, yet the volatility skew widened, reflecting persistently high market uncertainty. On-chain metrics show increases in daily active addresses, entity-adjusted transaction volume, and total fees; profitability indicators improved, and the overall market structure continues to recover.
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Glassnode
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skew
Glassnode: Bitcoin Market Volatility Returns, Options Volatility and Market Sentiment Recover in Tandem
Glassnode analysis indicates Bitcoin has broken through key resistance and rallied to the $82,000-$83,000 range, ending several weeks of narrow consolidation, with market volatility making a return. Options data shows a rebound of approximately 6 points in short-term 1-week implied volatility, while long-term volatility remains moderate, signaling a rapid recovery in short-term trading demand.In terms of sentiment and positioning, the 25-delta skew has converged toward neutral, indicating diminished demand for downside hedging. Short-term sentiment is leaning bearish, while long-term outlook has turned bullish, reflecting a repricing of upward expectations. On the structural side, implied volatility has surpassed realized volatility, with the VRP turning positive. A "short gamma" concentration zone of approximately $2 billion exists near the $82,000 level, which could amplify price swings. Over the past 24 hours, call option sell orders accounted for 81% of activity, suggesting the market is leaning toward consolidation.
Bitcoin
delta
Glassnode
Market
Sentiment
skew