😂 Pushkin’s Push on Bitcoin: Bulls Run Wild, ETFs Overflow! 😂

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Oh, noble traders of the digital realm, gather ’round and hear the tale! 🎉

  • In the land of CME, options whisper sweet nothings of bull markets, not seen since the fateful election of yore.
  • With eager hearts, the traders buy calls, like knights seeking the grail, pushing the skew to a hearty 4.4%!
  • As spot ETFs swell with gold, like a drunkard’s gut, they threaten to burst forth and carry prices to the heavens!

On a day most ordinary, Bitcoin (BTC) didst make merry on the Chicago Mercantile Exchange, its options brimming with joy since the Trumpian triumph of November past.

“Lo!” cried the scribes of CF Benchmarks, “The skew doth rise like a phoenix from the ashes, a sign of the bulls’ unyielding fervor!” 🐮

For skew, oh skew, is the tale of two cities—calls and puts, upside and downside, and its positive hue doth sing of bullish delight.

“Behold!” exclaimed Thomas Erdösi, the keeper of the benchmarks, “The skew doth soar like an eagle, as traders seek the sun!”

And lo, the Bitcoin didst dance, a sprightly 5% prance, breaching the $106,000 barrier, as if to say, “Trump, thou didst not mention me, yet here I stand, unvanquished!”

As if in chorus, the spot ETFs didst join the fray, their coffers overflowing with $802 million, with BlackRock’s IBIT alone swelled to the brim!

“Hark!” cried Valentin Fournier, seer of BRN, “The institutional love doth pour forth like a river, setting the stage for digital assets to scale new peaks!”

Meanwhile, the long-term holders, like sages, didst reduce their profit-taking, as if to say, “Let the young ones frolic, we shall wait for greater glories.”

“Look to the horizon,” Erdösi foretold, “For volatility may wane, yet the skew for topside shall remain, and with it, the promise of ever-rising prices.”

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2025-01-22 13:29