Bitcoin (BTC) Bullish Call Skew Strongest Since April 2021 as Prices Near $37K

Long call (buy call option) trades account for 44% of the total activity on the leading exchange Deribit in the past 24 hours. (Amberdata)

Bitcoin’s 25-delta one-month call-put skew, which assesses the relative price of calls versus puts expiring in four weeks, has risen above 10%, reaching the highest since April 2021, according to data tracked by Amberdata. In other words, demand for calls or bullish bets is outpacing puts, offering downside protection.

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