Traders expect Bitcoin to rise after the midterm elections, with the largest Bitcoin position on Derive betting that Bitcoin will break above $90,000 in November.

BlockBeats news, October 27: On the decentralized options platform Derive, a wallet bought 800 Bitcoin call options expiring November 6 with a strike price of $90,000 on October 20, with a notional value of approximately $68 million, and received a net premium of about $940,000 by selling call options expiring in March 2027 and October 30.

Derive stated that this is the platform's largest Bitcoin open position; its market-implied probability of Bitcoin breaking through $100,000 before Christmas rose from 9.7% to 12%, indicating that some traders are betting on Bitcoin rising after the U.S. midterm elections.

Source

Correction/Report

RelatedRecommended

Arthur Hayes Latest Interview: AI Draining Market Liquidity, BTC Unlikely to Rebound to $100,000 This Year

SpaceX is valued at $1.8 trillion and is preparing for an IPO with a price-to-sales ratio of 100, which he sees as a ticking liquidity time bomb waiting to explode.

Arthur Hayes New Article: BTC Could Dip to $80,000 Before Starting a New Round of "Money Printing" Rally

Being bullish is correct, as over time, the money printer will surely go "brrr."

Bitcoin Price Prediction: Institutions and Traders Clash on Next Year's Trend

Non-stop Plunge: Bitcoin Once Again Dips Below $10,000

Was the September rate cut already priced in, and what's next for the market? | Trader's Insight

「Fade Trade」 or 「Dovish Expectation」

Trader's Insight | How Will the Market React After Bitcoin Hits a New All-Time High?

Institutional Leadership, Policy Support: What Will the Post-Consensus Crypto Bull Market Look Like?

On-Chain Activity

22min ago

Hong Kong-listed Zhipu surged at the open and extended gains, rising more than 10% intraday.

Peter Sellis officially announces assuming the role of X's new Head of Product, previously the first Product Manager at Snapchat.

Ethereum ICO whale deposits 3,000 ETH to CEX in the past 24 hours, while transferring over $100 million in stablecoins.

CZ: Asset tokenization is exporting US capital markets onto the blockchain, and its value will ultimately be recognized.

Correction/Report

Submit

Add Library

Visible to myself only

Public

Save

Choose Library

Add Library

Cancel

Finish

Traders expect Bitcoin to rise after the midterm elections, with the largest Bitcoin position on Derive betting that Bitcoin will break above $90,000 in November.

A whale transferred over 480,000 SOL, of which more than 170,000 have been deposited into a CEX.

Two whales deposited over 5,000 ETH to CEX in the past 2 hours, potentially to sell

MARA Holdings suspected to have sold 1,000 BTC worth approximately $80.19 million 6 hours ago.

'Machi' address has only $4,400 left, with 68 ETH long positions showing an unrealized loss of $300.