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BitcoinSistemi 2025-01-22 11:55:09

Bitcoin Options on Chicago Mercantile Exchange (CME) Hit Highest Level Since US Election! Here Are the Details

Bitcoin (BTC) options on the Chicago Mercantile Exchange (CME) have reached their highest levels since the November 2024 US presidential election, signaling growing optimism among investors. CME Bitcoin Options Hit Highest Gains Since US Election Amid ETF Inflows Renewed inflows into Bitcoin exchange-traded funds (ETFs) are further fueling expectations of new price highs for the world’s largest cryptocurrency. On Tuesday, CME's bitcoin options market showed increasing bullish sentiment as investors flocked to purchase call option derivatives that offer the potential for asymmetric upside exposure. The 30-day peak curve, a measure of the difference in volatility between bid and ask, reached 4.4%, its highest level since early November, according to CF Benchmarks data. “This reflects strong bullish sentiment, with traders actively taking bullish positions in both the short and long term,” said Thomas Erdösi, product manager at CF Benchmarks. Bitcoin Price Surpasses $106K Bitcoin’s price rose 5% to briefly surpass $106,000 after buyers successfully defended the $100,000 support level. The rally came despite President Donald Trump's inaugural speech on Monday in which he made no mention of cryptocurrency or Bitcoin as part of the strategic reserve. The rally was fueled by renewed demand for U.S.-listed spot Bitcoin ETFs, which saw cumulative net inflows of $802 million on Tuesday. BlackRock’s IBIT ETF led the way, drawing $661.8 million, according to SoSoValue data. “ETF inflows continued an impressive accumulation streak, marking four consecutive days of significant inflows exceeding $3 billion for Bitcoin alone,” said Valentin Fournier, an analyst at BRN. “This strong institutional support could push digital assets to new highs.” Ethereum (ETH) spot ETFs also recorded $74 million in inflows on the same day, underscoring strong investor interest in the broader crypto market. *This is not investment advice. Continue Reading: Bitcoin Options on Chicago Mercantile Exchange (CME) Hit Highest Level Since US Election! Here Are the Details

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