CME’s Bitcoin options skew hits record levels at 4.4%, indicating aggressive call buying and growing institutional confidence in crypto markets.
BlackRock’s IBIT leads ETF inflows with $661M contribution, part of $3B+ accumulated over four consecutive days of institutional buying.
Long-term holders establish new support at $100K by reducing holdings from 14.2M to 13.1M BTC, marking a strategic shift in market dynamics.
The Bitcoin options trading on the Chicago Mercantile Exchange (CME) showed the highest bullish sentiment on Tuesday, ever since Donald Trump’s election victory in November 2024.
According to data from digital assets index provider CF Benchmarks, traders have rushed to purchase the call options that provide a symmetric upside potential. As a result, the skew has surged by 4.4%, the highest level since November 2024. The skew measures the difference in implied volatility between calls and puts, with positive values indicating a bullish sentiment. Speaking on this development, Thomas Erdösi, head of product at CF Benchmarks said:
“Thirty-day topside skew in the bitcoin options market has reached levels not seen since the November election results. This reflects a strong bullish sentiment, with traders actively positioning for upside exposure across both short- and long-term maturities.”
“Thirty-day topside skew in the bitcoin options market has reached levels not seen since the November election results. This reflects a strong bullish sentiment, with traders actively positioning for upside exposure across both short- and long-term maturities.”
Bitcoin Price Eyes Fresh Highs With Strong ETF Inflows
On Tuesday, the Bitcoin price surged 5%, briefly surpassing $106,000 as buyers are putting all efforts to hold the $100K support level. This came despite President Trump’s inaugural speech, where he did not address cryptocurrency or a strategic Bitcoin reserve.
On the other hand, inflows into spot Bitcoin ETFs have remained strong. On Tuesday, the total inflows into spot Bitcoin ETFs stood at a massive $802 million with $661 million coming from BlackRock’s IBIT alone. In an email to , Valentin Fournier, an analyst at BRN, said:
“ETF inflows have continued their impressive accumulation streak, marking four consecutive days of significant inflows, amounting to over $3 billion for Bitcoin alone. Bitcoin ($802M) and Ethereum ($74M) are receiving robust institutional backing, which could propel digital assets to new highs”.
“ETF inflows have continued their impressive accumulation streak, marking four consecutive days of significant inflows, amounting to over $3 billion for Bitcoin alone. Bitcoin ($802M) and Ethereum ($74M) are receiving robust institutional backing, which could propel digital assets to new highs”.
Key Factors to Watch for BTC Ahead
Long-term holders of Bitcoin appear to have halted their selling, a shift in strategy that has turned the previously psychological $100,000 resistance level into support for the first time.
With one brief exception, the leading cryptocurrency has remained above $100,000 since January 17. In September, this group held 14.2 million BTC, but now holds 13.1 million BTC.
Source: Glassnode
Bitcoin’s recent price action continues to capture attention, with a harsh rejection from the Range High. However, the key takeaway from the latest movement is that Bitcoin has effectively retested the $101,000 level, marked by the red diagonal and black Range Low, as support.
Source: Rekt Capital
