Bitcoin options traders are anticipating a potential price rally after the US presidential election on November 5th, according to Arbelos Markets CEO Joshua Lim. Traders have been buying call options with strike prices ranging from $70,000 to $80,000, suggesting expectations for an upside breakout for bitcoin. The options market is pricing in a 7% move on election day, although this is considered low compared to BTC's beta to risk assets. Trump's chances of winning have increased in blockchain-based prediction markets, further supporting the belief in a potential price rally. The falling put-call volume ratio in BTC options also indicates increased activity focused on call options.



Other News from Today