TechFlow reports, on November 4, according to Bloomberg, Bitcoin investors are actively preparing for market volatility following the U.S. election. The 30-day implied volatility index for Bitcoin compiled by CF Benchmarks Ltd. has reached its highest level since the global market downturn in August. Caroline Mauron, co-founder of Orbit Markets, said options markets are pricing in an expected volatility of around 8% for the day after voting, significantly higher than the normal level of 2%.
According to a report from cryptocurrency derivatives trading platform Derive.xyz, bearish and bullish Bitcoin options were evenly distributed in October, indicating investors are preparing for both upward and downward price movements. Data from Deribit shows that based on peak open interest positions in put and call options, Bitcoin could trade in a range between $60,000 and $80,000 in the weeks following the election.
