bullish

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-focus-on-upsurge-due-to-us-elections/" data-wpel-link="internal">Investors Focus on Upsurge Due to US Elections</a><br></p>
<p style="text-align: justify">There is intense interest in Bitcoin (BTC) options among <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> predicting the potential impact of the US elections on the <a href="https://en.coin-turk.com/genesis-global-receives-court-approval-to-distribute-cryptocurrency-to-creditors/" data-wpel-link="internal">cryptocurrency market</a>. Options specifically offered for the US elections on Deribit are facing significant interest from investors.</p> 
<h2 style="text-align: justify" id="strong-high-interest-in-election-futures-options-strong"><strong>High Interest in Election Futures Options</strong></h2> 
<p style="text-align: justify">The “election futures options” that started trading on the Deribit exchange in October will be liquidated within four days after the November 4th elections. According to <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> provided by Amberdata, the total value of active option contracts currently stands at $345.83 million.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-381347" src="https://coin-turk.com/wp-content/uploads/2024/08/Bitcoin-Opsiyon-1.jpeg" alt="" width="1056" height="778"></p> 
<p style="text-align: justify">Call options, which make up 67% of the options, offer unlimited profit potential while facing limited loss. The remaining portion belongs to put options. The put-call ratio is below 0.50, indicating that open call options are twice as many as put options.</p> 
<p style="text-align: justify">These election-focused contracts provide investors with the opportunity to gauge the increasing interest in the market as they predict the impact of the elections on the cryptocurrency market. The current put-call ratio of 0.50 indicates a prevailing bullish expectation in the market, as call options are traded twice as much as put options. Algorithmic trading firm Wintermute highlighted this situation in a note shared with CoinDesk.</p> 
<h2 style="text-align: justify" id="strong-investors-focused-on-upsurge-due-to-us-elections-strong"><strong>Investors Focused on Upsurge Due to US Elections</strong></h2> 
<p style="text-align: justify">The call option with a strike price of $80,000 is the most popular, with an open position value exceeding $39 million. Generally, open positions are concentrated in call options with high strike prices, indicating investors expecting new record prices around the election period.</p> 
<p style="text-align: justify">On the other hand, $39 million is locked in the put option with a strike price of $45,000. Wintermute commented on this, stating, “The concentration of call options around $80,000 and $100,000 strike prices indicates that market participants are positioning for a potential upsurge in Bitcoin. The presence of put options with low strike prices suggests some hedging for protection or downside risk.”</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/investors-focus-on-upsurge-due-to-us-elections/" data-wpel-link="internal">Investors Focus on Upsurge Due to US Elections</a></h5>
<p>The post <a href="https://en.coin-turk.com/investors-focus-on-upsurge-due-to-us-elections/" data-wpel-link="internal">Investors Focus on Upsurge Due to US Elections</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Investors Focus on Upsurge Due to US Elections

Table of Contents

COINTURK NEWS

Other articles published on Aug 20, 2024

Dogecoin Price Soars 6% As Elon Musk Reacts To Trump Cabinet Offer

Bitcoin Is Form of Art: Yuval Noah Harari

Unlock Wall Street: How Latin Americans Can Now Invest in Tesla and Coinbase with a Click!

BNB Chain Announces BNB Day to Mark 4th Anniversary

Tether mints another $1B USDT on Tron network

BlockDAG's AMA Session Ignite Market Confidence Beyond INJ Price Surge & Polkadot’s $10 Prediction

Join our free newsletter for daily crypto updates!