According to BlockBeats news, on November 4, researcher Adam from Greeks.live stated on social media, 'This week is the U.S. election week, and there is a lot of uncertainty surrounding the U.S. elections. Over the past month, Trump's support has been high, but Harris's chances of winning are gradually increasing during the election process. The U.S. elections have a significant impact on the entire market, and there is also a monetary policy meeting on Friday. Currently, the cryptocurrency market is mainly in a wait-and-see risk-averse state.
This month's option IV is significantly higher than the long-term options, and there may be a big market movement in the coming days.
This week is the U.S. election week, and the election situation is tense. It is still uncertain who will win. The market generally expects a 25 basis point interest rate cut at Friday's meeting. This week's at-the-money IV has risen to 80%, and there is a clear risk-averse sentiment in the cryptocurrency market. Currently, the short-term IV of Bitcoin is at a high level.