Bitcoin Volatility Expected to Surge Ahead of US Election

Institutional Investors Betting on Bitcoin Volatility

With the U.S. election looming, institutional investors are positioning themselves for potential market swings. Recent activity in the options market suggests a strong belief in Bitcoin’s volatility, particularly in the upcoming month.

Data from the CME Group reveals significant trades in November call options, totaling over $350 million in notional value. These options contracts carry a breakeven price of nearly $80,000, indicating a bullish outlook on Bitcoin’s price.

This activity suggests that investors expect heightened volatility in the crypto market during the election cycle, with many anticipating a potential rally in Bitcoin’s price. Whether this prediction will come to fruition remains to be seen, but it certainly highlights the attention and anticipation surrounding the cryptocurrency market in the lead-up to the U.S. election.