Bitcoin Options on the Chicago Mercantile Exchange (CME) have reached their highest level since the US elections! Here are the details.

Bitcoin (BTC) options on the Chicago Mercantile Exchange (CME) reached their highest levels since the November 2024 US presidential election, indicating increasing optimism among investors.

CME Bitcoin Options Reach Highest Levels of Increase Since US Elections Among ETF Entries

Renewed inflows into Bitcoin exchange-traded funds (ETFs) are fueling further expectations of new price highs for the world's largest cryptocurrency.

On Tuesday, CME's bitcoin options market showed an increasing bullish sentiment as investors flocked to buy call option derivatives offering asymmetric upside exposure potential.

According to CF Benchmarks data, the 30-day peak curve, a measure of the volatility difference between buying and selling, reached its highest level since the beginning of November, at 4.4%.

Thomas Erdösi, product director at CF Benchmarks, said, "This reflects a strong bullish sentiment with traders actively taking long and short positions in both the short and long term."

Bitcoin Price Surpasses 106 Thousand Dollars

After buyers successfully defended the $100,000 support level, the price of Bitcoin rose by 5% and briefly exceeded $106,000.

The rally occurred despite President Donald Trump not mentioning cryptocurrency or Bitcoin as part of the strategic reserve in his opening speech on Monday.

Rally supported by renewed demand for US-listed spot Bitcoin ETFs, which saw a cumulative net inflow of $802 million on Tuesday. According to SoSoValue data, BlackRock's IBIT ETF led the way with $661.8 million in withdrawals.

Valentin Fournier, an analyst from BRN, said, "ETF inflows continued an impressive accumulation series and indicated significant inflows for four consecutive days, exceeding $3 billion for Bitcoin alone," he said. "This strong institutional support could take digital assets to new highs."

Ethereum (ETH) spot ETFs, with a $74 million entry recorded on the same day, underline strong investor interest in the broader crypto market.