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Friday's risk reversal (P2EX24) shows a bias for puts while the Nov. 29 gauge (BTCX24) holds positive. (CME, QuickStrike) Friday's risk reversal (P2EX24) shows a bias for puts while the Nov. 29 gauge (BTCX24) holds positive. (CME, QuickStrike)

Bitcoin Traders Wary of Price Drop in U.S. Election Week, CME Options Show

“It looks like bitcoin options traders appear to be hedging their bets to the downside ahead of the U.S. election this week,” one observer said, noting pricier puts on the CME.

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Omkar Godbole

https://www.coindesk.com/markets/2024/11/05/bitcoin-traders-wary-of-price-drop-in-us-election-week-cme-options-show/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

2024-11-05 06:28:16

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