Bitcoin Traders Seek Protection Amid U.S. Election Uncertainty
Traders of Bitcoin (BTC) are seeking protection against potential price drops due to projected volatility during the upcoming U.S. election. This has led to an increase in demand for short-term protective measures on the CME. However, pricing for longer-duration options on both CME and Deribit suggests a positive outlook. The ETH/BTC ratio has also decreased to its lowest point since April 2021.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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