Cboe Skew Index Hits Lowest Since 2024 as Bullish Options Bets Soar

Crypto market optimism is on the rise as options traders increase bets on further gains. According to Walter Bloomberg, market enthusiasm has strengthened since August 7.

The Cboe's Skew index fell to its lowest level since December 2024, indicating a lower cost of call options relative to put options. This suggests that investors are becoming more confident in the market's upside potential.

A lower Skew reading typically signals increasing demand for bets on further gains, as investors become more optimistic about the market's trajectory.