Odaily Planet Daily News: An analyst stated that Bitcoin options traders are increasingly focused on call options with exercise prices above $80,000 expiring in November. The market anticipates two significant events next month: the U.S. presidential election on November 5 and the U.S. Federal Open Market Committee (FOMC) interest rate decision on November 8. Bitwise's Head of Research in Europe, André Dragosch, stated: "Currently, the largest number of open contracts for Bitcoin options is for those expiring on November 8, the day of the FOMC meeting and a few days after the U.S. election, clearly skewed towards call options. This supports the hypothesis that Bitcoin options traders are generally preparing for a bullish outcome." The market widely expects the Federal Reserve to announce a 25 basis point cut to the federal funds rate at the meeting on November 8, with the current probability of a rate cut at 90.2%. A rate cut could increase risk appetite in the broader market, and traders appear to be positioning themselves accordingly in cryptocurrencies. (The Block)