Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.
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.driving BTC above $36,800 on Thursday, investors have likely stopped selling calls above the cryptocurrency's spot price, a popular strategy to generate additional yield on top of coin holdings.
Long call trades account for 44% of the total activity on the leading exchange Deribit in the past 24 hours.
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