Weekly Trade Recommendations for Friday 31 January, 2025

### Weekly Bitcoin Options Strategy: Bull Put Spread

As we analyze the current market conditions, we observe several key factors that guide our strategy selection for the upcoming weekly Bitcoin options expiry on February 07, 2025. The recent market data paints a picture of bullish sentiment, backed by the following indicators:

1. ETF Inflows and Pressure: With a 7-day increase of 3.05% and a significant 30-day rise of 10.97% in ETF inflows, there is a strong indication of institutional interest and demand. Additionally, the negative ETF pressure suggests a higher demand for Bitcoin compared to its new supply, reinforcing the bullish outlook.

2. Options Skew: The 25-Delta Weekly Options Skew at 0.01, with a staggering 146.67% increase over the past week, suggests an increasing demand for puts relative to calls, although still predominantly neutral. However, the monthly skew at -0.05 shows that calls are relatively more expensive, indicating a bullish sentiment over the longer term.

3. Address Activity: The 70.37% increase in address activity over the past 30 days signals growing engagement and potential accumulation, supporting a positive price trajectory.

Considering these bullish indicators, a Bull Put Spread is a sound strategy. This involves selling a higher strike put and buying a lower strike put to hedge against any unforeseen dips. This strategy benefits from a stable or rising BTC price, aligning perfectly with the current market sentiment.

### Strategy Execution

We recommend executing a Bull Put Spread with the following parameters:

- Sell a Put at the $104,000 strike price.
- Buy a Put at the $103,000 strike price.

This spread capitalizes on the bullish sentiment and provides a buffer for slight market corrections, maintaining a relatively low-risk profile while allowing for potential profit capture.

### Summary of the Play
- Strategy: Bull Put Spread
- Expiry Date: February 07, 2025
- Strike Prices: 104000, 103000

This setup leverages the current market dynamics, aiming to enhance your BTC holdings with calculated risk management.