Bitcoin call demand rises as spot selling continues
25-delta skew swung to -2.05%, making calls pricier than puts while spot CVD stayed negative $29.6M. Bitcoin traded near $78,800 after failing above $80,000; U.S. spot ETFs saw $681.2M inflows.
Options traders increased demand for call contracts as 25-delta skew moved to -2.05% from +0.79%, which made call premiums higher than put premiums, according to on-chain analytics data.
U.S. spot Bitcoin ETFs recorded $681.2 million in net inflows over the most recent weekly period, up from $247.8 million the prior week.
Executed spot flow on exchanges remained net selling. Spot cumulative volume delta improved from negative $84.9 million to negative $29.6 million but stayed below zero, indicating more market sell orders than buys during the measured window.
Perpetual futures cumulative volume delta was negative $176 million. Long-side funding payments declined and futures open interest held near $37 billion.
Bitcoin traded near $78,800 after a brief move above $80,000 that did not hold. The options skew, ETF inflows and exchange flow figures were recorded in the same reporting period.
Key reported figures for the period: 25-delta skew -2.05% (from +0.79%), spot CVD -$29.6M (from -$84.9M), perpetual CVD -$176M, weekly ETF inflows $681.2M, futures open interest ≈ $37B.








