Option Market Data Shows Traders are 'Bullish' on Bitcoin with $100,000 Call Options

BlockBeats News, November 14th, according to Coindesk, CF Benchmarks Product Lead Thomas Erdösi stated that market data shows traders seem to be aggressively buying Bitcoin call options at a $100,000 execution price. The 30-day constant maturity 25 delta skew has now crossed the 5 vol threshold, nearing the highest level year-to-date, indicating much greater demand for upside exposure.

Furthermore, demand for call options with a strike price above $100,000 is also surging, evident from the increase in implied volatility of these options.