Bitcoin Traders Wary of Price Drop in U.S. Election Week, CME Options Show
Submitted by Anonymous (not verified) on Tue, 11/05/2024 - 08:40"It looks like bitcoin options traders appear to be hedging their bets to the downside ahead of the U.S.
"It looks like bitcoin options traders appear to be hedging their bets to the downside ahead of the U.S.
While volatility is price-agnostic, recent flows in the options market suggest bullish expectations.
While volatility is price-agnostic, recent flows in the options market suggest bullish expectations.
Some $350 million notional value of November call options traded on CME with a breakeven bitcoin price of nearly $80,000, anticipating a rally next
Some $350 million notional value of November call options traded on CME with a breakeven bitcoin price of nearly $80,000, anticipating a rally next
The low pricing seems consistent with stable and rangebound implied volatility.
The low pricing seems consistent with stable and rangebound implied volatility.
The institution set up a multi-legged strategy in Derive's onchain options market, generating $25 million in volume.
The institution set up a multi-legged strategy in Derive's onchain options market, generating $25 million in volume.
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