💡The Bitcoin options market is bustling! Jake Ostrovskis, an over-the-counter trader at Wintermute, reveals that investor optimism about the future price increase of Bitcoin is soaring, with call option premiums skyrocketing. The current 1-month 25-delta skew leans towards call options by about 3.3 points, showing clear bullish signals in the market. Although the skew is significant, it is still lower than the levels seen in early 2024, and historical data suggests there may be more upside potential in the future. Implied volatility has returned to neutral, and some traders believe this is a good time to buy 'cheap' options. What do you think? Feel free to discuss in the comments!