Traders buy call options as Bitcoin approaches $68,000 and put options as it approaches $66,000

Yev Feldman, co-founder of SwapGlobal, which provides derivatives such as swaps and options to U.S. digital asset investors, said, "We see traders buying call options near $68,000 and buying put options near $66,000. In other words, many people are constantly adjusting their positions for further breakthroughs on both ends of Bitcoin. However, there are limited reasons for Bitcoin to fall sharply after the U.S. presidential election, so betting on the rise makes more sense." Data shows that the open interest of call contracts expiring on November 29 is concentrated around $80,000, and the second most popular strike price is $70,000. Data shows that the open interest of call options expiring on December 27 is concentrated around $100,000 and $80,000, while the most popular strike price for call options expiring on November 8 is $75,000. (Bloomberg)