Bitcoin (BTC) options positioning continued to signal a market leaning bullish over the medium term, even as short-dated flows reflected persistent demand for downside protection—an indication that traders are not fully dismissing near-term volatility. As of Tuesday 01:40 UTC (based on CoinGlass data), total open interest (OI) in Bitcoin options stood at $26.09 billion, up 2.42% from $25.48 billion a day earlier.