TechFlow news, on September 24, according to Decrypt, Nick Forster, founder of DeFi derivatives protocol Derive, said the Bitcoin options market is entering a "reflexivity season." The 30-day call/put skew continues to rise, indicating traders are heavily betting on upside volatility. Forster noted that traders expect Bitcoin's price to reach the $80,000–$90,000 range by the end of November. He emphasized that current market sentiment is preparing for potential sharp volatility, partly due to the upcoming U.S. presidential election. Although Bitcoin’s price has recently fluctuated between $53,000 and $64,000, this trend in the options market may signal larger price swings ahead.
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