Analysis: Options market shows bullish trend for Bitcoin, with open interest mostly at $70,000 and $80,000 strike prices

Odaily Planet Daily Report: According to data from under , the token price is uncertain due to the results of the US presidential election. found that based on the implied performance of the theoretical value, coin may rise 10% in either direction depending on the election results. Given that the current spot price is slightly below $68,000, a 10% increase would mean a new historical high, exceeding the $73,697 in March. The team also found that the election's impact may have the greatest impact on and , at 18% and 20% respectively. In addition, according to data from 2013 to 2023, the return rate of coin in the second half of October (16th to 31st) is twice that of the first half (1st to 15th). Looking beyond the US election, the options market shows a bullish sentiment on coin, with most long open interest positions at strike prices of $70,000 and $80,000. The strike prices maturing on November 29 have a notional value of $141 million and $120 million respectively. (CoinDesk)