Traders are actively buying Bitcoin (BTC) call options expiring at the end of the year, indicating a bullish outlook for the cryptocurrency. According to data from The Block, trading is concentrated in call options expiring on December 27 and March 28 of next year. This suggests that investors expect the price of Bitcoin to rise in the coming months. The option implied volatility (IV) is also at a premium of 8%, reflecting the expectation that the market will be volatile during the US presidential election. "The market is pricing in a lot of uncertainty around the election," said Greg Magadini, CEO of Genesis Volatility. "This is reflected in the high IVs we're seeing on Bitcoin options." If Bitcoin's price does rise, call option holders will profit. If the price falls, they will lose money. The surge in call option buying suggests that investors are betting on a strong performance from Bitcoin in the coming months. This is despite the uncertainty surrounding the US presidential election and the ongoing COVID-19 pandemic.