Bloomberg: In October, Bitcoin put and call options are evenly distributed as investors "prepare for both scenarios" for the U.S. election

ChainCatcher news, Bitcoin speculators are preparing for potential market volatility following the U.S. election day. Since the global market crash in August, Bitcoin's 30-day implied volatility index has reached its highest level. This index is compiled by CF Benchmarks Ltd. and is derived from CME Bitcoin options pricing.

Caroline Mauron, co-founder of crypto derivatives trading liquidity provider Orbit Markets, stated that the options market indicates an expected volatility of about 8% for the day after the vote, while normal volatility typically hovers around 2%. She added, "After November 7, there is no significant volatility premium in the market, suggesting that the market expects election results to be announced quickly. Given that polls show such a tight race, this could be an optimistic prediction."

According to a report from crypto derivatives trading platform Derive.xyz, Bitcoin's put and call options were evenly distributed throughout October, indicating that speculators are preparing for both upward and downward movements ahead of the U.S. election. Additionally, data from Deribit suggests that in the weeks following the election, Bitcoin's trading range could be between $60,000 and $80,000 based on the peak open interest positions of put and call options.