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Bitcoin Options Traders See $80,000 BTC By November End, US Election Outcome Irrelevant

  • Bitcoin options traders are betting on BTC reaching $80,000 by the end of November, regardless of the US election outcome.
  • Options activity surrounding the elections shows a topside-heavy bias, indicating optimism for Bitcoin's performance.
  • Traders believe that a Trump win could benefit the digital asset ecosystem, while a Harris victory may continue a perceived hostile stance towards cryptocurrencies.
  • Factors such as interest rate cuts and cooling inflation contribute to increased optimism for Bitcoin's new all-time high by year-end.

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