CME Bitcoin options show strongest bullish sentiment since U.S. presidential election
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Odaily reports that the CME Bitcoin options market has shown the strongest bullish sentiment since the US presidential election, while Bitcoin ETF inflows have surged. On Tuesday, the price of Bitcoin briefly rose 5%, breaking above $106,000 and holding the $100,000 support level. Data shows that the 30-day top skew of CME Bitcoin options reached 4.4%, reflecting strong bullish sentiment. Additionally, the net inflow of US-listed Bitcoin ETFs reached $802 million in a single day, with BlackRock's IBIT contributing $662 million. Analysts believe that the continued inflow of institutional capital and the reduction in selling by long-term holders will provide new upside potential for the price of Bitcoin. (Coindesk)
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