Bitcoin Options Show Strongest Bullish Sentiment Since Trump Election as ETF Inflows Surge
Bitcoin (BTC) options on the Chicago Mercantile Exchange (CME) have hit their most bullish sentiment since Donald Trump’s Nov. 5 election victory, fueled by heavy demand for call options and a wave of inflows into U.S.-listed Bitcoin ETFs.
Traders aggressively bought call options, pushing the 30-day skew to 4.4%, its highest level since early November, according to data from CF Benchmarks. Skew, which measures the difference in implied volatility between calls and puts, reflects positive sentiment when in positive territory.
“Bitcoin options are showing their strongest bullish positioning since the November election, with traders seeking upside exposure across both short and long maturities,” said Thomas Erdösi, head of product at CF Benchmarks, in a statement to CoinDesk.
Bitcoin climbed 5% to briefly touch $106,000 on Tuesday after buyers successfully defended the $100,000 support level, despite President Trump refraining from discussing cryptocurrency or a strategic Bitcoin reserve in his inaugural address.
The rally coincided with robust ETF inflows, as U.S.-listed Bitcoin ETFs recorded a cumulative net inflow of $802 million, according to SoSoValue data. BlackRock’s IBIT ETF alone saw $661.8 million in new investments, further supporting bullish market sentiment.
“Bitcoin and Ethereum ETFs have seen significant inflows over the past four days, with Bitcoin adding $802 million and Ethereum contributing $74 million,” said Valentin Fournier, an analyst at BRN, in an email to CoinDesk. “Institutional interest remains strong, positioning digital assets for potential new highs.”
Glassnode, a blockchain data provider, noted that long-term holders — wallets holding Bitcoin for over 155 days — have scaled back profit-taking activities, signaling continued confidence in the market’s trajectory.
“While we might see volatility ease toward the month’s end, the current bullish skew indicates sustained upward price pressure, barring any major policy surprises,” added Erdösi.
With institutional inflows accelerating and options markets signaling optimism, analysts predict that Bitcoin could be on track to set new all-time highs in the weeks ahead.
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