Odaily Planet Daily reports that the competition for the U.S. presidential election in key swing states will be intense, a news item that has garnered significant market attention. The options-based Bitcoin (BTC) expected price volatility indicator has hit a three-month high, indicating that the market is optimistic about future trends.

According to data from the charting platform TradingView, the BTC implied volatility index (DVOL) from the cryptocurrency options exchange Deribit has risen to an annualized 63.24%, the highest level since the end of July. Meanwhile, the 7-day implied volatility of BTC has surged to an annualized 74.4%, far exceeding the 7-day actual volatility or historical volatility of 41.4%.

In addition, there has also been a significant increase in options indicators that measure expected price volatility over four weeks in the foreign exchange and U.S. Treasury markets. The Ice BofA Move index, which measures the 30-day implied volatility of U.S. Treasuries, jumped to 135% last Friday, the highest level since October 2023.

Overall, despite the increased market volatility, Bitcoin continues to demonstrate strong potential and is worth keeping an eye on!🚀