🚀 Big moves ahead? A massive BTC options trade on Deribit hints at a potential volatility explosion by the end of November! 🌪️
🔍 A long straddle trade, costing over $1M, bets on BTC prices moving beyond $87K or below $53K by Nov. 29. This strategy profits from significant price swings, either up or down.
📈 With the U.S. elections around the corner, traders are gearing up for action. November's BTC options are buzzing with activity, showing higher-than-usual interest and hedging.
What do you think? Will BTC break out of its current range? Share your thoughts below! 👇 #Bitcoin #Crypto #BTC