Possible fluctuations in the markets after the 2024 US elections Bitcoin (BTC) 
$68,545 mobilized investors. According to Bloomberg, Bitcoin’s 30-day hidden volatility index reached its peak, especially after the huge decline in global markets in August. CF Benchmarks This index, created by CME, is obtained from Bitcoin option pricing and bears signs of uncertainty in the market. High volatility in the index Bitcoin It shows that investors are prepared for the results of the US presidential elections.
Intense Fluctuation Expected After US Elections
Co-founder of Orbit Markets Caroline Mauronstated that the markets expect a fluctuation of 8 percent for the day after the election. This is well above the 2 percent volatility seen under normal circumstances.
According to Mauron, a significant volatility premium is not expected in the markets after November 7. This increases the expectation that the election results will be finalized in a short time. However, the fact that opinion polls point to a tough competition suggests that this estimate may be overly optimistic. Investors are on guard for both possible scenarios.
Bitcoin Price Is Expected To Be Between 60-80 Thousand Dollars
A balanced distribution of Bitcoin buying and selling options in October US presidential electionsIt reveals that it has adopted a two-pronged strategy towards. According to this strategy, positions are taken that take into consideration the decrease as well as the increase in the price.
According to Derive.xyz’s report, the price of Bitcoin is expected to move between 60 thousand and 80 thousand dollars in November due to these binary positions. Deribit data also confirms possible movement within this range. Especially options marketThe current levels where open interest has reached its peak indicate that investors are speculating over a wide range of prices.
During this period, investors protect themselves against fluctuations that may occur during the transition period. With current data BTC It is trading at $68,815 with an increase of 0.63 percent in the last 24 hours.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
