CandleFocus Bitcoin Traders Wary of Price Drop in U.S. Election Week, CME Options Show
2024-11-05
Author: Content Editor
The current uncertainty surrounding the U.S. election is leading to increased demand for short-term protective measures in the crypto market. Traders are seeking protection against potential price drops in Bitcoin amid projections of volatility due to the election. This is reflected in the pricing of put options on the CME, which are more expensive relative to calls. However, pricing for longer-duration options on both the CME and Deribit signals a positive outlook, with a bias in favor of calls. Analysts expect a year-end rally in Bitcoin's price, but the outcome of the election could lead to a significant price swing.
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