<ul><li>Institutional traders are betting that Bitcoin will surge to $79,300 by the end of November.</li><li>Recent trading activities on the Chicago Mercantile Exchange (CME) indicate bullish sentiment and high trading volumes for Bitcoin options ahead of the US presidential election.</li><li>Significant trades worth millions of dollars were made for Bitcoin options with strike prices of $70,000 and $85,000, reflecting strong confidence in Bitcoin's potential rise.</li><li>The breakeven point for these positions is just below $79,300, representing about a 16% increase from Bitcoin's price when the trades were executed.</li></ul>

Institutional Traders Bet On Bitcoin Exceeding $79,300 By End Of November

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