ChainCatcher news, Bloomberg senior ETF analyst James Seyffart posted data on social media stating that on the first day of trading for BlackRock's IBIT options, 354,000 contracts were traded with a notional exposure slightly below $1.9 billion, of which 82% were call options (289,000 contracts) and 18% were put options (65,000 contracts), with a ratio of 4.4:1. It is almost certain that such first-day data is one of the reasons for Bitcoin reaching a new all-time high.

ChainCatcher news, Lin Chen, Head of APAC Business at Deribit, posted on X that the largest BTC block options today involved an investor selling 90,000 USD put and call options for the end of the year, totaling 375 BTC, with a revenue of 4.958 million USD.Analysis suggests that the investor is shorting volatility, with a profit range of 78,000 - 105,000 USD, achieving a coin-based return of 14.2%.

ChainCatcher news, Lin Chen, the Head of Asia-Pacific Business at Deribit, stated that a certain user paid $1.714 million to purchase call options with a strike price of $3,800 expiring at the end of the year, totaling 10,000 ETH. Currently, the ETH price has rebounded to around $3,300, and if the price exceeds $4,000 at expiration, the investor will make a profit.

ChainCatcher news, Lin Chen, the head of Asia Pacific business at Deribit, stated that a trader earned a premium income of 313,000 by selling 2,000 ETH call options expiring on November 22 with a strike price of $2,400.If the ETH price is below $2,550 at expiration, the trader will realize a profit, with a coin-based return of up to 6.3%. This transaction became the largest single trade in the ETH options market that day.

ChainCatcher news, QCP released a daily analysis stating that the election battle between Harris and Trump is in a deadlock, with Polymarket's odds gradually approaching actual polling estimates. Currently, Polymarket still favors Trump, giving him a 55% chance of winning, but this is a significant drop from 66% a week ago.The weekend's sideways price movement and the decline of leveraged perpetual contract positions from $30 billion to $26 billion indicate that the market remains cautious. The options market has observed a large number of purchases for $75,000 call options expiring at the end of November since last Friday. As the election date approaches, related options positions are also increasing, with implied volatility exceeding 87 on Friday, even though the actual volatility is only 40.Spot prices are expected to fluctuate within this range until the election results become clearer this week. If Trump wins, it may trigger a rapid price increase; conversely, if Kamala wins, the market may decline.

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.

ChainCatcher news, Lin Chen, the Head of APAC Business at Deribit, posted on platform X stating that a user paid $4.195 million to purchase 90,000 call options expiring at the end of March next year, totaling 800 BTC. If the price at delivery is > $97,000, it will be profitable.

ChainCatcher news, according to data released by Deribit officials: today's largest BTC block options trade, a user "recharges faith," buying 100 BTC of call options at $85,000 for the end of March next year, paying a premium of $7.11 million.It indicates that the user is bullish in the long term, confident about the trend of BTC next year, and likely believes that if Trump is elected, it will trigger significant volatility in the crypto market.

ChainCatcher news, Lin Chen, the Head of APAC Business at Deribit, stated that a certain investor made a profit of $4.506 million by selling 60,000 USD call options at the end of the year, involving a total of 325 BTC. It is reported that this transaction was a hedging operation for the investor, successfully realizing a profit.

ChainCatcher news, Lin Chen, the Head of Asia Pacific Business at Deribit, posted on X that the largest BTC block options trade today was: a user purchased 50 BTC in total, consisting of a $65,000 put option and a $68,000 call option for November 15, paying a premium of $282,000.

ChainCatcher news, according to data released by Deribit officials: today’s largest ETH block options trade involved a user selling ETH call options with a strike price of $2600 for the end of November, totaling 2250 ETH.Officials explained that the user likely took advantage of the high implied volatility (IV) before the U.S. elections, selling call options to generate profit. If the price at delivery is below $2750, they will profit, achieving a coin-based return of 6.25%.

ChainCatcher news, Wintermute's OTC trader Jake Ostrovskis wrote in a report on Monday that, at a higher level, options traders drove almost all of the premium for call options on contracts with expirations longer than one day, with Bitcoin call options trading at a relatively higher premium compared to put options.FalconX research director David Lawant stated, "This indicates that investors are more using the options market as a tool to capture potential upside rather than as a hedge against downside risk. For other non-Bitcoin crypto assets, I believe opinions are more divided. There is less consensus in the market on how these alternative cryptocurrencies might perform under different election scenarios." (Bloomberg)

ChainCatcher news, according to The Block, an analyst stated that Bitcoin options traders are increasingly focusing on call options with strike prices above $80,000 that expire in November.The market anticipates two significant events next month: the U.S. presidential election on November 5 and the U.S. Federal Open Market Committee (FOMC) interest rate decision on November 8. Bitwise's Head of Research for Europe, André Dragosch, stated, "Currently, the highest number of open contracts for Bitcoin options is for those expiring on November 8, which is the day of the FOMC meeting and a few days after the U.S. election, clearly leaning towards call options. This supports the hypothesis that Bitcoin options traders are generally preparing for a bullish outcome." The market widely expects the Federal Reserve to announce a 25 basis point cut to the federal funds rate at the meeting on November 8, with the current probability of a rate cut at 90.2%. A rate cut could increase risk appetite in the broader market, and traders seem to be positioning themselves accordingly in cryptocurrencies.

ChainCatcher news, Matrixport released a chart stating that as implied volatility remains low, Bitcoin traders need to establish corresponding positions to prepare for a potential bull market that may arise from Trump's victory. Bitcoin options will expire on November 8, 2024, but the market has not shown extreme positioning, indicating that traders are cautious about the election results. However, the strike prices of $65,000 and $70,000 suggest that many traders are anticipating a market rebound.The trading volume in the Bitcoin options market this year has ranged between $42 billion and $71 billion, gradually replacing the underperforming crypto stocks since the Bitcoin halving in April 2024, becoming a more favored leveraged tool among traders. Additionally, although MicroStrategy's current stock price is higher than the value of its held Bitcoin, holding MicroStrategy shares has become an alternative option for gaining direct exposure to Bitcoin.At the beginning of this year, the macroeconomic situation improved, and Bitcoin prices rebounded at one point, but as both market structure and liquidity driving factors weakened, a pullback occurred.Trump's victory could bring positive news for Bitcoin, but if the Federal Reserve adopts a tightening monetary stance to counteract the excessive economic stimulus from Trump's policies, the rise will face resistance. During this pre-election period, traders looking to profit in the short term may consider using call option arbitrage strategies to manage risk and capture upside gains.

ChainCatcher message, Deribit Asia Pacific Business Head disclosed that the largest ETH block option today is: a trader paid $402,000 to purchase 1,500 ETH of call options at $3,000 expiring in March next year. This indicates that the trader is optimistic about the long-term trend of ETH. If the price exceeds $3,350 at expiration, it will be profitable.

ChainCatcher news, according to data released by Deribit officials: Today’s largest ETH block options trade involved a user selling 850 ETH of March 2024 $2600 put options and $2800 call options, earning a premium of $747,000.It was stated that the user is shorting volatility, with a profit range of $1950 to $4200, achieving a coin-based return of 32.3%.

ChainCatcher news, according to CoinDesk, based on order flow data tracked by Amberdata, as Bitcoin prices rise, there has been a surge in buying activity for Bitcoin call options with strike prices of $75,000 and above on Deribit, while investors have also sold put options.Amberdata's Director of Derivatives, Greg Magadini, stated: "This flow pattern indicates a bullish outlook for Bitcoin's spot price (due to the selling of put options), while also anticipating an acceleration in price volatility."

ChainCatcher news, Lin Chen, the Head of Asia Pacific Business at Deribit, posted on X that a certain user purchased 2,400 call options expiring at the end of the year and sold 3,000 call options, totaling 19,750 ETH, paying a premium of 3.567 million USD.

ChainCatcher news, Lin Chen, Head of APAC Business at Deribit, stated in a post on X that the largest BTC block option today is: a certain user received $1.589 million in premiums, selling a call option for $110,000 expiring at the end of March next year, totaling 800 BTC.

ChainCatcher news, Lin Chen, the Head of APAC Business at Deribit, stated on social media that a certain user sold 54,000 put options and 65,000 call options expiring on September 20, totaling 250 BTC, earning a premium of 364,000 USD.The largest ETH block option today is: a certain user purchased call options with a strike price of 2400 for the end of the year and sold call options with a strike price of 4500, totaling 2000 ETH, paying a premium of 651,000 USD.