Bitcoin (BTC) traders are increasingly betting on the cryptocurrency reaching $100,000 through call options on the Chicago Mercantile Exchange (CME), according to CF Benchmarks. This bullish sentiment is reinforced by similar trends on the Deribit platform. The CME is a preferred venue for institutional investors, and the rise in demand for these call options suggests a strong market belief in Bitcoin's price trajectory. As of now, Bitcoin has surpassed the $90,000 resistance level, hitting new highs above $92,500, aided by a favorable political climate following Donald Trump's win in the recent U.S. elections. The 30-day delta skew of the options market has significantly spiked, indicating that traders are willing to pay a premium for upside exposure, reflecting optimism about Bitcoin's price prospects. Overall, the market sentiment appears strongly bullish with increasing interest in $100,000 call options and spikes in implied volatility for higher strike prices.

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