TechFlow news, October 23 — According to Bloomberg, Yev Feldman, co-founder of SwapGlobal, a provider of derivatives such as swaps and options for digital assets investors in the U.S., said: "We’re seeing traders buying call options near $68,000 and put options near $66,000. In other words, many are continuously adjusting positions betting on Bitcoin breaking out further on both sides. However, there are limited reasons to expect a significant drop in Bitcoin after the U.S. presidential election, so betting on an upward move makes more sense."
Data shows that open interest in call options expiring on November 29 is concentrated around $80,000, with the second most popular strike price at $70,000. Data also indicates that open interest in call options expiring on December 27 centers around $100,000 and $80,000, while the most popular strike price for calls expiring on November 8 is $75,000.
