- It was reported that the Bitcoin options skew at CME reached its highest level since the election, reflecting traders' bullish sentiment.
- According to CF Benchmarks data, the Bitcoin call-put skew has risen, reflecting bullish sentiment in both short-term and long-term options.
- Experts suggest the possibility of sustained Bitcoin upward pressure, supporting the market sentiment of traders predicting a rise.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
The previous day, it was reported that the Bitcoin (BTC) options trading call-put skew (the difference in implied volatility between call options and put options) at the Chicago Mercantile Exchange (CME) reached its highest level since the election. As a result, there are claims that traders' bullish sentiment will act as upward pressure on Bitcoin.
On the 21st (local time), Thomas Erdős, head of products at CF Benchmarks, stated in an interview with CoinDesk, "The 30-day upper skew in the Bitcoin options market has reached its highest level since the U.S. election," and "This reflects a strong bullish sentiment among options traders." He added, "Traders have shown aggressive bullish sentiment in both short-term and long-term Bitcoin options."
According to CF Benchmarks data, the previous day's Bitcoin call-put skew reached 4.4%, marking the highest level since the election. A positive skew value means that call options are dominant over put options, indicating that a higher proportion of traders in the options market predicted a rise in Bitcoin.
Furthermore, Erdős stated, "Unless there are unexpected policy changes, the upper skew is likely to remain," and "This will act as sustained upward pressure on Bitcoin."
Meanwhile, a call option is the right to buy a specific underlying asset at a predetermined strike price. If the market price of the underlying asset is higher than the predetermined strike price on the expiration date, the call option buyer can exercise the option and profit from the difference.

Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBitPiCK News
Trump announces 'reciprocal tariffs' press conference scheduled for 3 AM KST on the 14th
1 hours ago
US January Producer Price Index (PPI) Rises 0.4% Month-over-Month, Exceeding Expectations
2 hours ago
[Breaking] Trump: 'Today is an Important Day', Announces Reciprocal Tariffs Coming on the 13th
4 hours ago![[Breaking] Trump: 'Today is an Important Day', Announces Reciprocal Tariffs Coming on the 13th](https://media.bloomingbit.io/prod/news/8c3d0d2a-8925-49be-80a8-f7eb75f516c4.webp)
JPMorgan: "Tether May Need to Sell Bitcoin (BTC) and Other Assets to Meet Regulations"
4 hours ago
"Ethereum Foundation Transfers 30,800 ETH to Aave and 10,000 ETH to Spark"
6 hours ago