🚀 **Big Bitcoin Bet on Volatility!** 🚀

A massive Bitcoin options trade has just crossed the tape on Deribit, betting on a major price swing by the end of November. The trade, known as a long straddle, involves buying both call and put options at the $66,000 strike price, costing over $1 million in premiums.

🔍 **Key Points:**

- The trade profits if BTC moves above $87,000 or below $53,000 by Nov. 29.

- This strategy anticipates a volatility explosion, possibly linked to the U.S. elections.

- November options are seeing increased activity, with a put-call ratio of 0.66.

What do you think? Will Bitcoin see a big move? Drop your thoughts in the comments! 💬