Institutional Investors Position for Bitcoin Volatility Into the U.S. Election
Institutional crypto investors are preparing for significant bitcoin price volatility as the U.S. presidential election approaches. A notable surge in call options trading on CME bitcoin futures signifies bullish sentiment, with around $350 million in notional value for November calls, predicting a breakeven price nearing $80,000 by the end of the month. Experts, including Joshua Lim of Arbelos Markets, indicate this trend shows growing optimism as institutions accumulate positions in anticipation of potential market movements. Additionally, there has been a rise in borrowing activity in crypto credit markets, reflecting heightened demand among larger institutions for loans as they brace for price fluctuations. These actions suggest that institutions are strategically positioning themselves to capitalize on anticipated market dynamics around the election, with expectations surrounding a bullish run in asset prices likely due to political developments.
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