Bloomberg: Bitcoin put and call options are evenly distributed in October, and investors are "preparing for both scenarios" for the US election

Odaily Planet Daily Report: Bit coin speculators are preparing for potential market volatility after the US election. Since the global market plunged in August, the 30-day implied volatility indicator of Bit coin has reached its highest level. The index is compiled by CF Benchmarks Ltd., derived from the pricing of CME Bit coin options. Caroline Mauron, co-founder of the crypto derivatives liquidity provider Orbit Markets, said the options market suggests an expected volatility of around 8% the day after the vote, while normal volatility is usually around 2%. She added: "After November 7th, there is no significant volatility premium in the market, indicating that the market expects the election result to be quickly known. Given how tight the polls are, this may be an optimistic forecast." According to a report from the crypto derivatives trading platform Derive.xyz, Bit coin's put and call options were evenly distributed throughout October, indicating that speculators were preparing for both bullish and bearish trends before the US election. Additionally, according to Deribit data, in the weeks following the election, based on the peak open interest of put and call options, Bit coin's trading range may be between $60,000 and $80,000.