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Bitcoin Options Traders Set Sights On $80,000 By November-End, Regardless Of US Election Outcome

  • Options traders are optimistic about Bitcoin reaching $80,000 by the end of November, regardless of the US election outcome.
  • Implied volatility for Bitcoin options remains elevated, with more traders favoring call options.
  • Traders consider political and non-political factors, including potential rate cuts and inflation concerns.
  • Open interest data shows heavy concentration of call contracts around $80,000 and $70,000.

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