{"id":17964,"date":"2024-10-22T10:40:42","date_gmt":"2024-10-22T07:40:42","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-options-traders-bet-on-post-election-surge-to-80000\/"},"modified":"2024-10-22T10:40:42","modified_gmt":"2024-10-22T07:40:42","slug":"bitcoin-options-traders-bet-on-post-election-surge-to-80000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-options-traders-bet-on-post-election-surge-to-80000\/","title":{"rendered":"Bitcoin Options Traders Bet on Post-Election Surge to $80,000"},"content":{"rendered":"

Bitcoin options market participants have positioned for a bullish scenario following the U.S. presidential election and the Federal Reserve’s FOMC<\/span> meeting, increasing OI<\/span> in November calls with strike prices above $80,000, according to The Block<\/a>.<\/p>\n

The first event is scheduled for November 5, followed by the second three days later.<\/p>\n

The probability of the Federal Reserve easing monetary policy by 25 basis points is estimated at 87%<\/a>, while the victory of the Republican candidate Donald Trump, perceived as more crypto-friendly, is estimated at 63.5%<\/a>.<\/p>\n

On Deribit, over 3,100 calls with strike prices ranging from $80,000 to $82,000, expiring on November 29, were opened, totaling $212 million.<\/p>\n

For puts, the OI stands at $82 million. The recent acceleration in this metric suggests hedging of long positions, according to Andre Dragos, head of research at Bitwise in Europe.<\/p>\n

Bitcoin ETFs<\/strong><\/h2>\n

On October 21, inflows into spot Bitcoin ETFs amounted to $294.3 million<\/a>, with a seven-day total of $2.67 billion.<\/p>\n

\"1-1269\"
Data: SoSoValue.<\/figcaption><\/figure>\n

The inflow on the last day was driven by BlackRock’s IBIT ($329 million), while changes in five other products ranged from -$22.1 million to $5.9 million, with no changes in six others.<\/p>\n

Total inflows into instruments since trading began<\/a> in January have increased to $21.2 billion.<\/p>\n

\n

\u201cWhile institutional support remains strong, the slowdown in inflows suggests the potential for further momentum weakening if capital does not return to the market,\u201d<\/em> commented Valentin Fournier from BRN.<\/p>\n<\/blockquote>\n

According to the specialist, technical indicators also point to a similar scenario, implying Bitcoin’s consolidation before a renewed upward attempt.<\/p>\n

\n

\u201cOnce the price stabilizes above $68,000, we will enter a calmer phase with subdued volatility, potentially leading to renewed acceleration. We remain optimistic in the medium term and do not anticipate a trend reversal,\u201d<\/em> the expert explained.<\/p>\n<\/blockquote>\n

Bitcoin futures open interest has reached a record $40.6 billion.<\/p>\n

Inflows into cryptocurrency investment funds from October 13 to 19 reached a July high of $2.2 billion, compared to $407 million the previous week.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin options market participants have positioned for a bullish scenario following the U.S. presidential election and the Federal Reserve’s FOMC meeting, increasing OI in November calls with strike prices above $80,000, according to The Block. The first event is scheduled for November 5, followed by the second three days later. The probability of the Federal […]<\/p>\n","protected":false},"author":1,"featured_media":17963,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1168,569,1145,842],"class_list":["post-17964","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-derivatives","tag-etf","tag-market-analysis","tag-politics"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=17964"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17964\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/17963"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}