Analysis: US election will increase Bitcoin volatility, options traders focus on $80,000 target

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ODAILY
3 days ago
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According to data from the DeFi derivatives platform , as the November 5th US election approaches, Bitcoin traders are preparing to deal with increased volatility, with price fluctuations expected to reach as high as 20%. Derive founder Nick Forster said on Monday: "As we approach a major financial event, the latest trading analysis has revealed some compelling market dynamics insights." The data shows that bets are concentrated around the $80,000 Bitcoin strike price, with strong demand for short-term call options, as traders use option premiums to prepare for potential price changes. Forster said: "Selling call options is dominant, indicating that traders are strategically collecting premiums, while the focus on the $80,000 target highlights a potential turning point for Bitcoin." He explained that in the past 24 hours, call options accounted for more than 47%, as traders hope to capitalize on the "premium" brought by election-related volatility. The varying maturity patterns of volatility also suggest that traders are preparing for volatility in the coming week, but are still uncertain about the direction of the price.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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