Odaily Planet Daily News: As Trump's winning probability in prediction markets declines following a series of positive trends in Democratic polls, even dropping below Vice President Harris's odds on the U.S. regulatory market Kalshi, the price of BTC has fallen, with significant increases in volatility. According to an analysis by Nick Forster, founder of Derive.xyz (formerly Lyra), the overnight forward volatility of BTC and ETH has surged, with BTC's volatility currently at 80.30%, up from 72.20%, and ETH's volatility currently at 82.92%, up from 75.40%. "This rise reflects that traders are preparing for election results that could significantly impact market prices," Forster predicts a two-thirds chance that election night will lead to substantial price fluctuations, "with BTC's volatility range between -8.97% and +9.85%, and ETH's volatility range slightly broader, between -9.25% and +10.19%." He noted: "BTC's total open interest for call options stands at 1,179 contracts, while the total open interest for put options is 885 contracts, clearly indicating that despite potential volatility, the market still leans bullish." (The Block)

#BTC #ETH