CME Bitcoin Options Market Shows Strong Bullish Sentiment Amid ETF Inflows

According to Odaily, the CME Bitcoin options market is experiencing its strongest bullish sentiment since the last U.S. presidential election, coinciding with a surge in Bitcoin ETF inflows. On Tuesday, Bitcoin's price rose by 5%, surpassing $106,000 and maintaining the $100,000 support level. Data indicates that the 30-day top skew of CME Bitcoin options reached 4.4%, reflecting a strong bullish outlook. Additionally, U.S.-listed Bitcoin ETFs saw a net inflow of $802 million in a single day, with BlackRock's IBIT contributing $662 million. Analysts suggest that the continuous inflow of institutional funds and reduced selling by long-term holders could provide new upward momentum for Bitcoin prices.