Bitcoin options shifted toward calls as 25-delta skew moved from +0.79% to -2.05%, while ETF inflows climbed to $681.2M.

Spot has not matched the move. Exchange CVD improved from -$84.9M to -$29.6M but remained negative, meaning market sells still exceeded buys.

https://cryptoslate.com/bitcoin-bulls-are-loading-up-on-calls-while-spot-traders-keep-selling/

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