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<p>The American presidential elections have always had a considerable impact on financial markets, and this year is no exception. In November, all eyes are on Bitcoin, the flagship cryptocurrency, whose evolution is being closely watched. With nearly $350 million already placed in Bitcoin options linked to the elections, speculators are betting big on the future of the digital asset market. And this is just the beginning!</p>
<h2 id="345-million-in-bitcoin-options-for-the-us-elections">$345 million in Bitcoin options for the US elections</h2>
<p>Gone are the days when <a href="https://www.cointribune.com/en/bitcoin-under-pressure-the-effect-of-options-expiration/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin suffered the effects of options expiration</a>. Currently, crypto traders have rushed to Bitcoin options in anticipation of the American elections in November, hoping to <strong>capitalize on post-election volatility</strong>. With <strong><a href="https://www.coindesk.com/markets/2024/08/20/us-elections-linked-bitcoin-options-draw-nearly-350m-in-open-interest/?utm_medium=referral&amp;utm_source=rss&amp;utm_campaign=headlines" target="_blank" rel="noopener noreferrer nofollow">$345 million already committed</a></strong>, the market seems to be bubbling with optimism.</p>
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<p>Approximately <strong>67% of these contracts are call options</strong>, indicating unwavering confidence in the rise of Bitcoin. Moreover, as highlighted by Wintermute, an algorithmic trading firm:</p>
<p>“<em>The current distribution of options shows a bullish sentiment, with twice as many call options as put options</em>.”</p>
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<p>For the more daring, <strong>the $80,000 call option remains a favorite</strong>, with <strong>over $39 million in open interest</strong>. The figure might be amusing, but it testifies to the great optimism prevailing among investors.</p>
<figure class="wp-block-image size-large"><img decoding="async" src="https://www.coindesk.com/resizer/Are4w0pmhtGY0WHb9pdcw-xnit0=/811x292/filters:quality(80):format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/Q6XLM6QXJVHNHELSU2LCRSN4KE.png" alt="">
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<p>There is also <strong>marked interest in options with higher strike prices</strong>, with some even betting on Bitcoin reaching $140,000. In short, the market isn’t short of dreamers!</p>
<ul>
 <li>$345 million committed to Bitcoin options linked to the elections.</li>
 <li>67% of these contracts are call options.</li>
</ul>
<h2 id="h-crypto-options-between-hope-and-protection">Crypto options, between hope and protection</h2>
<p>But it’s not all rosy in the crypto world. Despite the optimism, some investors prefer to keep a foot on the ground (or in the mine) by hedging against potential price drops.</p>
<p>Thus, <strong>$39 million has been placed in put options at the price of $45,000</strong>, a safety net in case of a sharp market drop. Interest in these lower-priced options reflects a certain caution among traders, even though optimism clearly dominates.</p> 
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<p>The phenomenon of election-dedicated options is quite recent, but it is quickly gaining popularity.</p>
<p>Investors see it as a unique opportunity to speculate on the impact of the elections on the digital asset market. And with the huge enthusiasm for high-priced options, it seems that many are betting on <strong>Bitcoin reaching new highs</strong> just after the elections. However, the presence of put options shows that there is still a cautious minority, ready to protect against electoral surprises.</p>
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<p>Beyond Bitcoin, the world of <a href="https://www.cointribune.com/en/crypto-heavily-influences-american-elections/" target="_blank" rel="noopener noreferrer nofollow">crypto strongly influences the American elections</a>, adding an unexpected dimension to investors’ strategies.</p>

Options Bitcoin: U.S. elections Drive Up Bids

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