ESD

Data: BlackRock's Bitcoin spot ETF options debuted trading this Tuesday, with a call/put ratio of 4.44 indicating that investors are generally bullish

ChainCatcher news shows that according to SoSoValue data, BlackRock's Bitcoin spot ETF (IBIT) had a total of 354,000 options contracts traded this Tuesday, with a nominal trading volume of $1.86 billion, indicating extremely high market enthusiasm on its first day of listing. The options also drove a 32% month-over-month increase in IBIT trading volume. Among all traded contracts, 288,700 were call options and 65,000 were put options, resulting in a call/put ratio of 4.44, reflecting a generally optimistic market sentiment.Data shows that market trading is concentrated on bullish options expiring on January 17, 2024, with a price range of $55-$60. Corresponding to Tuesday's closing price of IBIT, there is an increase of 4.4%-13.9%, and SoSoValue analysts stated, "This roughly corresponds to a Bitcoin price of $97,000-$105,000, indicating that the market expects Bitcoin to reach $100,000 before Trump officially takes office." Notably, the implied volatility for January options is between 68%-69%, compared to IBIT's 60-day historical volatility in the 55% range, with implied volatility exceeding historical volatility, indicating that investors prefer to hold options rather than sell them.Additionally, Grayscale's spot Bitcoin ETF GBTC and BTC options trading will also begin its debut trading this Wednesday.

The 2024 U.S. presidential election will begin next Tuesday, with many major polls still showing Trump and Harris in a dead heat

ChainCatcher news, according to Jinshi reports, the United States will begin the 2024 presidential election next Tuesday (November 5). Many major polls still show that Trump and Harris are neck and neck. Data from the Commodity Futures Trading Commission (CFTC) indicates that hedge funds and managers have accumulated $18 billion in long positions in dollars ahead of the U.S. election vote. Currently, Wall Street strategists generally believe that Trump's promise to impose tariffs will support the dollar at least in the short term. Hedge funds and other speculative traders expect that the potential impact of the election on demand for safe-haven assets and the direction of tariffs will further boost the dollar.The market generally believes that Trump's proposal to lower corporate taxes will benefit corporate profits, so if he wins, it will boost U.S. stocks. On the other hand, Harris's potential tax increase policies are seen as relatively bearish for the stock market. However, Bank of America and Citigroup recently presented opposing views. Analyst Marc Chandler stated, "Many of the positive possibilities for next week have already been priced in, so the risks tend to be on the downside. Gold recently hit an all-time high but failed to break through $2800. Notably, when the U.S. stock market fell on October 31, gold also experienced significant selling, almost as if it was being liquidated to meet margin requirements."
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