Bitcoin (BTC) broke through the $90,000 resistance level to reach a new high above $93,000, as traders on the Chicago Mercantile Exchange (CME) placed bullish bets that prices would climb to $100,000.
Traders are flocking to CME’s $100,000 call options in anticipation of even higher prices, according to CF Benchmarks, a major data provider.
Traders are flocking to CME’s $100,000 call options in anticipation of even higher prices, according to CF Benchmarks, a major data provider. Kurumsal yatırımcılar için popüler bir merkez olan CME’deki bu faaliyet artışı, yatırımcıların Eylül ayından bu yana 100.000 dolarlık alımları tercih ettiği offshore borsası Deribit’te görülen eğilimleri yansıtıyor.
Options traders have been particularly bullish, as indicated by a significant increase in the 30-day fixed-term 25 delta skew, which has crossed the volatility (vol) threshold of 5. This metric, explained by Thomas Erdösi, product manager at CF Benchmarks, indicates that demand for upside risk is increasing, with calls (rights to buy at a specified price) outperforming puts (rights to sell at a specified price) by a significant margin. A positive skew, such as the 5-vol value here, suggests that investors are optimistic about further gains.
There is also increasing demand for strike prices above $100,000, and rising implied volatility suggests traders are actively positioning for further gains. These derivatives are linked to the CF Benchmarks’ Bitcoin Reference Rate, New York (BRRNY) variant, reflecting confidence in Bitcoin’s upward trajectory.
*This is not investment advice.