The post Open Interest alle stelle per le opzioni Bitcoin con scadenza vicina alle elezioni presidenziali USA: forte movimento in arrivo appeared on BitcoinEthereumNews.com.

While waiting for the results of the US presidential elections, crypto traders are heavily betting on Bitcoin options, significantly increasing the open interest of the contracts. At the moment, the “notional volume”, or the sum of open call and put contracts, amounts to approximately 363 million dollars. The bets on the Deribit derivatives market indicate a possible rally to $80,000 right after the elections, if Trump is elected President. On the contrary, in case of a victory by Kamala Harris and the democrats, the options highlight an area of interest around 45,000 dollars. Let’s see all the details below. The US presidential elections and the impact on the crypto market Bitcoin options are gathering a high open interest for contracts expiring on November 8, 2024, just 3 days after the much-anticipated US presidential elections. Undoubtedly, the result of this great event will determine the direction of the crypto markets in the short term with a probable strong impact on prices. Trump fully supports the crypto movement and has repeatedly proclaimed himself a fan of Bitcoin to the point of declaring that he wants to include it as an asset di riserva for the U.S. Treasury. On the other hand, Harris, successor to Joe Biden, is against the technological innovation of blockchain and crypto and wants to introduce strict regulations to limit their expansion. Obviously, these can only be behaviors that are intended and sought solely for the purposes of their respective election campaigns. Most likely, neither of the two factions is interested in the reality of the future of the sector, but the fact remains that the elections will determine the possible scenarios for the following months. At the moment the prediction market Polymarket shows an almost neutral situation between the two contenders, 77 days away from the big event.…

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Filed under: News - @ August 20, 2024 12:18 pm