ChainCatcher news, Greeks.live analyst Adam released the English community daily briefing, stating that Bitcoin options market traders maintain a cautiously optimistic attitude, with major support levels at $95,000 to $96,000 and resistance at $100,000. Most traders are positioning for call spread strategies expiring in June.Market participants are generally selling put options below the $90,000 level while constructing a call spread with strikes of $106,000 and $120,000 expiring in April. Due to the current overestimation of put option skew, some traders are choosing to sell put options and hedge risks through perpetual contracts.

ChainCatcher news, according to Bloomberg, just before the fiercely competitive and hard-to-predict U.S. elections, options traders across various markets seem to be reducing risk in preparation for more volatility. Although market fluctuations are not significant, the volatility of stock options has been rising for most of October, as the market is not only anticipating the upcoming elections but also looking forward to the earnings season and the Federal Reserve's interest rate decisions. In the final days before the vote, the competition between Kamala Harris and Donald Trump is unpredictable.

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, according to The Block, Standard Chartered's Global Head of Digital Asset Research Geoff Kendrick stated that since the Federal Reserve lowered the federal funds rate last week, the long-term borrowing costs for U.S. Treasuries are relatively higher than short-term borrowing, which typically indicates optimism about future economic growth and helps create a favorable environment for investments, including Bitcoin.Geoff Kendrick also noted that the situation in the derivatives market similarly supports his optimistic view on Bitcoin. This week, he observed the addition of some major Bitcoin call options centered around a strike price of $100,000 in the options market. This indicates that other factors are influencing the decision-making of derivatives traders. From a timing perspective, the most likely new factor is Vice President Harris's comments made on Sunday, September 22, when she first announced that she would encourage cryptocurrency businesses.

ChainCatcher news indicates that interest rate options traders have increased their bets on the Federal Reserve cutting rates by 50 basis points this month, reflecting growing speculation in the market that policymakers will take aggressive action to prevent the economy from faltering. Currently, swap contracts show that the likelihood of the Fed cutting rates by 50 basis points this month is about one-third.Options linked to the Secured Overnight Financing Rate (SOFR) show a significant surge in open interest (i.e., the number of positions held by traders) in some call contracts expiring on September 13. September 13 is five days before the FOMC's rate statement. If this Friday's non-farm payroll report and next week's Consumer Price Index (CPI) data indicate that the labor market and inflation are cooling, it would provide enough justification for the Fed to ease policy more swiftly, and these positions would pay off. (Jin Shi)

ChainCatcher news, according to The Block, analysts say that Bitcoin derivatives traders are betting on an optimistic price increase in September, breaking through the $100,000 mark.Analysts at QCP Capital stated that the Bitcoin risk reversal has turned positive, with call options now more expensive than put options, indicating bullish investor sentiment, as they are willing to pay a higher price for options that benefit from a rise in Bitcoin. The analysts added, "We are seeing renewed demand for Bitcoin call options with a strike price of $75,000 for September, and demand for $100,000 call options has also increased."Data from the Deribit derivatives exchange also corroborates this observation. According to its data, the largest trading volume in the options market, calculated by instrument, is for Bitcoin call options with a strike price of $110,000 expiring at the end of September.However, Stocklytics analyst Neil Roarty believes that for Bitcoin to reach above $100,000, "it must demonstrate greater resilience in the face of increasing regulatory scrutiny and broader political and economic uncertainty."Despite the bullish sentiment in the derivatives market, Bitfinex analysts have observed that the activity of Bitcoin whales may indicate further selling pressure in the short term. According to this week's Bitfinex Alpha report, the Bitcoin exchange whale ratio suggests that selling pressure may increase. These investors have been observed transferring more Bitcoin assets to exchanges, increasing the likelihood that they may be preparing to sell.

ChainCatcher news, according to Bloomberg, Bitcoin has risen for the seventh consecutive day, with options traders increasing bets that this digital asset will soon surpass its late 2021 peak.The price of Bitcoin has risen to $62,694. It has increased by more than 20% since last Friday, marking the largest weekly gain in a year. Bitcoin previously reached an all-time high of nearly $69,000 in November 2021."The activity around Bitcoin options has significantly increased, driven by the recent surge in BTC prices," said Aakash Desai, head of options trading at B2C2. "This has led to increased bets on future price movements and market volatility."