According to Foresight News, Matrixport said in a post that Bitcoin traders have not yet bought into Trump's victory. As implied volatility continues to fall, Bitcoin traders need to establish corresponding positions to prepare for the bull market that may be brought about by Trump's victory. Bitcoin options will expire on November 8, 2024, but the market has not seen extreme positions, indicating that traders remain cautious about the election results. However, the strike prices of $65,000 and $70,000 indicate that many traders are looking forward to a market rebound.
The Bitcoin options market, which has traded between $42 billion and $71 billion this year, is gradually replacing crypto stocks, which have performed poorly since the Bitcoin halving in April 2024, as a more popular leverage tool for traders. In addition, although MicroStrategy's current share price is higher than the value of its Bitcoin holdings, holding MicroStrategy has become an alternative option to gain direct exposure to Bitcoin. Bitcoin prices rebounded at the beginning of this year as the macro situation improved, but they have retreated as market structure and liquidity drivers have weakened. Trump's victory may bring positive news to Bitcoin, but the rise will encounter resistance if the Federal Reserve adopts a tight monetary stance in response to Trump's excessive stimulus to the economy. In the pre-election period, traders who want to make short-term profits can consider using call option arbitrage strategies to manage risk and capture upside gains.
