CME Bitcoin Options Show Strongest Bullish Sentiment Since November Election

On Tuesday, bitcoin options trading on the Chicago Mercantile Exchange (CME) indicated strong bullish sentiment:

Traders increased call options purchases, raising the skew to 4.4%, the highest since early November.
Skew measures the difference in implied volatility between calls and puts; positive values indicate bullish sentiment.
Bitcoin's price rose by 5%, briefly exceeding $106,000, with support at the $100,000 level maintained.
U.S.-listed spot ETFs saw cumulative net inflows of $802 million, with BlackRock's IBIT contributing $661.8 million.
Institutional backing for Bitcoin and Ethereum reached over $3 billion across four consecutive days.
Long-term holders are reducing profit-taking activities, according to Glassnode data.
Future volatility may moderate, but bullish skew is likely to persist, supporting upward price pressure.