CME Bitcoin Options at Most Bullish Since U.S. Election, ETF Inflows Surge

Bitcoin options trading on the Chicago Mercantile Exchange has reached its strongest bullish sentiment since Donald Trump's election victory, with traders increasingly buying call options. This has driven the skew higher to 4.4%, indicating a positive outlook for Bitcoin. The cryptocurrency briefly surged past $106,000, supported by significant ETF inflows and strong institutional backing. Analysts expect this bullish trend may continue, driven by long-term holders reducing profit-taking and sustained demand, despite some potential volatility. Learn more about the evolving landscape of Bitcoin trading and investment strategies. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: CoinDesk