Analysis: BTC and ETH volatility rises significantly as traders prepare for US election

Odaily News As Trump’s odds on prediction markets slipped after a series of Democratic polls showed positive trends, even falling below Vice President Harris’ odds on the U.S. regulatory market Kalshi, BTC prices fell and volatility rose sharply. According to analysis by Nick Forster, founder of Derive.xyz (formerly Lyra), BTC and ETH forward volatility surged overnight, with BTC’s volatility currently at 80.30%, up from 72.20%, and ETH’s volatility currently at 82.92%, up from 75.40%. “This uptick reflects that traders are preparing for the election results, which could significantly affect market prices,” Forster predicted that there is a two-thirds chance that election night will result in large price fluctuations. “BTC’s volatility range is between -8.97% and +9.85%, and ETH’s volatility is slightly larger, between -9.25% and +10.19%.” He pointed out: “BTC’s total call option open interest position is 1,179, while the total put option open interest position is 885, which clearly shows that despite the potential volatility, the market is still biased towards the bullish side.” (The Block)