call in the medium to long term

Basically ignoring the USA presidential election!BitcoinOptions traders have set their sights on the key level of $0.08 million.

Options traders are increasing their bets, regardless of the outcome of the USA presidential election, Bitcoin is expected to hit a historical new high of $80,000 by the end of November.

The implied volatility of Bitcoin options expiring around the US election day on November 5th is high.Volatilityis high, and the betting tendency is towards call options, which give the buyer the right to buy cryptocurrencies at a higher price.

CryptocurrencyMarket makerFalconX's research director David Lawant said, 'I believe the market consensus is that regardless of the election results, bitcoin may perform well. Our analysis shows that the options activity surrounding the upcoming elections shows significant call.'