Derivatives traders are maintaining a cautiously optimistic outlook for Bitcoin in September, despite macroeconomic uncertainties and traditionally bearish seasonal trends. Bitcoin has rebounded 3% over the past two days, trading around $110,000, driven by increased passive buying. Open interest in perpetual contracts has risen 2.35% to $30 billion as traders adjust positions based on recent jobs data. Options traders are showing confidence in Bitcoin's potential for gains, with increased open interest in bullish call options for contracts expiring on September 26th. Strike prices of $120,000, $130,000, and $140,000 are seeing notable activity, indicating expectations of further price increases. US investors are reassessing their positions as the fiscal year ends on September 30th, amid historically bearish September trends.