CME Bitcoin Options Hit Most Bullish Levels Since U.S. Election as ETF Inflows Soar.

CME Bitcoin Options Show Strongest Bullish Sentiment Since Trump Election as ETF Inflows Surge

Bitcoin (BTC) options trading on the Chicago Mercantile Exchange (CME) revealed the most bullish sentiment since Donald Trump’s Nov. 5 election victory, driven by a renewed appetite for upside exposure and robust inflows into U.S.-listed Bitcoin ETFs.

Traders aggressively bought call options, which offer asymmetric upside exposure, pushing the 30-day skew to 4.4%, the highest level since early November, according to data from CF Benchmarks. Skew measures the difference in implied volatility between calls and puts, with positive values reflecting a bullish market sentiment.

“Bitcoin options markets are reflecting sentiment levels not seen since the November election,” said Thomas Erdösi, head of product at CF Benchmarks, in a statement to CoinDesk. “The demand for upside exposure across short- and long-term maturities highlights traders’ strong expectations for further price gains.”

Bitcoin’s price jumped 5%, briefly exceeding $106,000 on Tuesday as buyers defended the critical $100,000 support level, despite President Trump omitting cryptocurrency-related policies or a strategic Bitcoin reserve in his inaugural speech.

The rally was further fueled by renewed ETF inflows, with U.S.-listed spot ETFs registering cumulative net inflows of $802 million, according to SoSoValue. BlackRock’s IBIT ETF led the surge with $661.8 million in inflows, reinforcing the positive market outlook.

“ETF inflows continue their impressive streak, with Bitcoin receiving over $802 million and Ethereum adding another $74 million,” said Valentin Fournier, an analyst at BRN, in an email to CoinDesk. “Institutional backing remains strong, with over $3 billion in total inflows this week alone, signaling potential new highs for digital assets.”

In addition, long-term holders — wallets holding Bitcoin for more than 155 days — have reduced their profit-taking activities, according to Glassnode, a blockchain data analytics firm.

“While volatility may taper slightly toward the month’s end, the strong skew for topside calls is likely to persist, barring unexpected policy shifts,” added Erdösi. “This continued demand for upside exposure will likely keep upward price pressure on Bitcoin in the near term.”

With bullish sentiment surging across multiple fronts, analysts see growing momentum for Bitcoin to break new all-time highs in the weeks ahead.