Bitcoin options with a notional value of $11 billion expire and settle tomorrow, and traders are wary of increased volatility around the midterm elections.
Let’s look at both sides:
Bullish case: The news offers a fresh narrative that could boost market interest.
Bearish case: Confidence may be affected, and short-term buyers may hold back.
My take: Both sides have a point. The real answer depends on $BTC ’s price action and trading volume.
$BTC is currently at 79,872, down 1.61% over 24 hours, with a 24-hour range of 79,710–81,823.
#BTC
Let’s look at both sides:
Bullish case: The news offers a fresh narrative that could boost market interest.
Bearish case: Confidence may be affected, and short-term buyers may hold back.
My take: Both sides have a point. The real answer depends on $BTC ’s price action and trading volume.
$BTC is currently at 79,872, down 1.61% over 24 hours, with a 24-hour range of 79,710–81,823.
#BTC
