Bitcoin’s Implied Volatility Rises Ahead of US Election
The bitcoin options market looks to be predicting a pickup in price volatility following the U.S. presidential election.
Peaking implied volatility spreads suggest the emphasis in the markets will shift to ether and other alternative currencies in the short term.
Options investors appear to be eyeing more gains for the top cryptocurrency, which is now just 2.8% below a record high.
The global head of commodities research believes the amount of institutional money in bitcoin needs to grow to mature the asset.
The bitcoin perpetual futures "funding rate" has shot up, suggesting the market may be overleveraged to the bullish side.
CoinDesk Research's Monthly Review for October focuses on Bitcoin and Ethereum plus some of the stories their on-chain metrics are telling us.