Cryptocurrency investors approaching 2024 US presidential electionsGet in Bitcoin 
$68,545He expects it to create great movement in the price of (BTC). According to the 112 percent annual volatility rate taken from options transactions on Deribit dated November 6, BTC is predicted to make a movement of $ 4 thousand. Serving as derivatives director at Amberdata Greg Magadini“I expect +1.5-sigma (6 thousand – 8 thousand dollars price range) as a price reaction after the election,” he said. It is estimated that this fluctuation may create volatility similar to the risk-based movements experienced in early August.
Volatility in BTC and ETH Prices is Expected to Increase
Bitcoinexperienced a serious loss in value due to the decrease in risk appetite in the summer months, and investors expect a similar situation in this election. Especially if the US elections continue with close results in the decisive states, this may cause further movement in prices.
Magadini, Republican Donald Trump and Democrat Kamala Harris It is predicted that the conflict between the two companies will create a volatility of 1.5-sigma. Markets do not expect a surprise reaction, regardless of the election result. However, while investors expect movement with a possible 1.5-sigma volatility, the possibility of a more extreme volatility such as 3-sigma seems low.
On the other hand, investors are taking bullish positions in BTC options and are interested in call options at the levels of 70 thousand, 85 thousand and 90 thousand dollars. Chicago Mercantile Exchange (CME) and DeribitThese transactions in indicate that investors are prepared for increased volatility. Arbelos Markets founder Joshua Lim stated, “Bitcoin call options are gaining value, buyers started buying more expensively even as the spot price fell this weekend.”
Higher Volatility Expected in Ethereum
The cryptocurrency with the highest market value after Bitcoin Ethereum (ETH) 
$2,451 also follows a similar trend. On-chain data shows that Ethereum may have higher volatility compared to Bitcoin. decentralized exchange Derive It is stated that the price of ETH has the potential to fluctuate between 9.35 percent and 10.19 percent after the election, depending on the on-chain options traded on it.
Accordingly, traded at 2 thousand 470 dollars ETHA 10 percent volatility in the price of ‘s would mean a move of $247. BTCIn , this rate corresponds to a price change of 6 thousand 800.
DEX (decentralized exchange) investors also expect upward volatility for ETH. As of Sunday, total call option open interest reached 1,179 contracts, while put options remained at 885 contracts. Founder of Derive Nick Forster“As the election approached, investors began to take more precautions against the high volatility in the market. “This process reveals how important a strategic tool on-chain options are,” he said.
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.
