CME Bitcoin options trading has reached its most bullish sentiment since the November presidential election, with traders rushing to buy calls. The skew, indicating the difference in implied volatility between calls and puts, has risen to 4.4%, a level not seen since early November. Analysts at CF Benchmarks noted this marks strong positioning for upside exposure across both short- and long-term options. Bitcoin's price surged 5%, peaking at over $106,000, as it held the $100,000 support level. Additionally, U.S.-listed spot ETFs witnessed significant inflows, totaling $802 million, with BlackRock's IBIT attracting $661.8 million alone. This marks four consecutive days of heavy inflows, potentially driving Bitcoin and Ethereum to new highs. Moreover, long-term holders are reducing profit-taking, suggesting sustained bullish sentiment. Analysts expect continued upward pressure on prices amid stable volatility and increasing institutional backing for digital assets.

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