The $100K call option has recently emerged as the most popular bet in Bitcoin trading, with a notional open interest of approximately $1.2 billion. This resurgence in bullish sentiment follows a rally in Bitcoin's price, which has exceeded $84,000 after dipping below $75,000 last week. This recovery was attributed to market reactions to President Trump's shifting tariff policies, which calmed earlier fears in the bond market. As traders eagerly pursue BTC options, the options skew indicates a reduction in market panic, moving from negative levels toward zero. The demand for $100K call options highlights a focus on bullish strategies, while the $70K put option remains the second-highest in open interest cited at $982 million. This shift in trading behavior signals a growing confidence among market participants, although some caution remains as the seven-day skew still shows a slight negative bias, reflecting ongoing protective measures against potential market downturns.

Source 🔗