Bitcoin’s ‘Volatility Smile’ Shows Increased Demand for Bullish Exposure

Bitcoin’s (BTC) recent double-digit rally has sparked a positive sentiment shift among crypto options traders.

The leading cryptocurrency by market value has gained 13% this month, topping the $19,000 mark for the first time since Nov. 8, CoinDesk data show.

Tumbling U.S. inflation, weaker U.S. dollar, and expectations for slower Federal Reserve rate hikes have helped the cryptocurrency look past the lingering fallout from FTX’s collapse.

And consistent with the resilient rally, bitcoin…


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