The post Bitcoin Bull Run: Traders Pile into Call Options as ETF Hopes Soar! appeared first on Coinpedia Fintech News Bitcoin is riding a wave of positivity as its one-month call-put skew skyrockets, signaling a level of optimism not seen in the crypto world for over two years. W...
Optimism and Expectations Are High
Bitcoin’s Rise: Thanks to ETFs?
Bitcoin’s recent climb past $36,800 is all about the hopeful buzz around spot ETFs. These are like a golden ticket for crypto fans, offering direct exposure to Bitcoin and potentially changing how regular folks invest in digital money. Even the idea of approving a spot ETF has investors excited, seeing Bitcoin as a legit and profitable investment.
As Bitcoin goes higher, the popular move of selling calls to make money on Bitcoin holdings seems to be losing its charm. Now, people are more into directly buying call options, showing they believe in Bitcoin’s lasting value. The confidence in its rise is strong.
Market Makers in Action
The demand for calls has left market makers—the folks who make trading options happen—with a challenge. They’re holding a lot of short positions, especially for options above $36,000. As Bitcoin stays above this level, market makers have to get Bitcoin to balance things out, unintentionally adding fuel to the speeding-up rally.
Predictions for Bitcoin’s performance go beyond the next month. The outlook for two, three, and six months is also looking positive, suggesting that people don’t just believe in Bitcoin for a little while but are convinced it has a solid future. Get ready for a steady rise, showing a widespread belief in Bitcoin’s lasting potential.