Bitcoin Traders Make $100K Price Bets Through CME Options: CF Benchmarks
Summary
Traders on the Chicago Mercantile Exchange are heavily investing in bitcoin call options, particularly targeting the $100,000 strike price, indicating strong bullish sentiment. The 30-day constant maturity 25 delta skew has surpassed the 5 volatility threshold, showing increased demand for upside exposure. This trend aligns with activity on Deribit, where traders have also focused on $100,000 call options. Bitcoin recently surpassed $90,000, reaching new highs above $92,500, despite a rising dollar index. BTC prices have increased over 36% since Donald Trump's pro-crypto victory in the U.S. presidential election on November 5.
