🚀 The Bitcoin market is about to face turbulence! Deribit CEO Luuk Strijers revealed that derivatives traders are preparing for a bullish trend in Bitcoin after the US elections on November 5! 📈
Data shows that the number of Bitcoin call options expiring on November 8 is twice that of put options, making it the first option contract to expire after the US presidential election! 💥 Strijers mentioned that the total value of open contracts exceeds $2 billion, with key strike prices concentrated at $70,000, $75,000, and $80,000, indicating strong expectations for a market uptrend.
🔍 Market Highlights:
Surge in call options: The put/call ratio is 0.55, indicating increased investor confidence in future price rises. Increased volatility: The implied volatility for the long term reaches 72.29%, and Bitcoin prices are expected to fluctuate by about 3.78% in the days following the election, meaning investors need to be prepared for market swings.
In this uncertain time, while seizing market opportunities, one must also be cautious about risks! 💡 What are your thoughts on the upcoming trends? Everyone is welcome to discuss! 💬✨
