According to BlockBeats, on October 31, The Block reported that ahead of the U.S. elections, the trading volume of Bitcoin futures options at the Chicago Mercantile Exchange (CME) has increased, with some large trades indicating that institutional investors are preparing for significant price fluctuations in the days following the American voting on November 5.
Arbelos Markets CEO Joshua Lim stated that there is currently a large amount of derivative trading betting that the price of Bitcoin will soar to over $85,000 by the end of November. Ahead of the U.S. elections, the trading volume of CME Bitcoin options has reached an all-time high. Before the election, the market has remained bullish, and it is encouraging to see institutional investors making such large-scale positions on the CME, which may be a good sign indicating that as the crypto derivatives market matures as an asset class, its liquidity will continue to enhance.
