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Coinbase Markets said on X that the BTC options market is strongly reflecting expectations for upside. For one-week options, implied volatility on call options was 2.1 percentage points higher than on comparable put options, placing the call premium in the 91st percentile by historical standards, Coinbase Markets said. That suggests strong short-term demand for call options tied to bets on a BTC rise, while the firm added that it remains worth watching whether the positioning is reasonable or whether demand has become overly concentrated.