Bitcoin Traders Say Options Market Understates Likelihood of Chaotic US Election
Analysts warn against reading too much into the complacency suggested by the volatility metrics.
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Not saying that the US election results could impact an independent market like Bitcoin, one can still see digital currency traders mirroring stock market traders’ cautious take. Traders might want to take a break as the race for next presidential election gets tighter with each passing day. The world’s leading markets, namely S&P 500 (-2%), Dow Jones (-1.5%), Nasdaq Composite (-2.8%), have encountered a short burst of volatility, illustrating how speculators are giving too much weightage to pre-poll readings. These are, however, just cautious parameters amid uncertain....
Bitcoin price has been trending around $37,000 since it last broke out of the funk of the market crash. Since then, the digital asset has continued to record low momentum but bears and bulls look to remain in a tie for who will eventually move the price in their favor. While all of this is going on, bitcoin options traders have shown a clear picture of their hand, and by extension, their sentiment, as the market struggles. Bitcoin Options Traders Are Wary Since bitcoin options traders bet on the price of the digital asset, they have to play to volatility. Hence, when volatility is high,....
The bitcoin options market looks to be predicting a pick up-in price volatility following the U.S. presidential election.
In a chaotic year of dueling recriminations and very different visions of the future, the real question of this U.S. presidential election is: Who is better for bitcoin?
Bitcoin’s price fell while ether options traders have favored call options in the past month.