Bitcoin Weakness and Election Volatility Pricing
BTC is on its fifth red weekly candle after rejection at $80K, with traders eyeing a retest of $74-75K and options pricing an election-driven vol premium.
What we know
An account on X notes the downtrend since Sept 20. Franzen expects a 200-day MA retest near $74-75K, while ACX sees a $69K long zone. Coinbase Markets shows Nov 4 ATM IV at 48% vs 37% for Nov 27. Another account on X notes ETF outflows of $1B+ in two days against $98B still held.
Sources
@CoinbaseMarkets
“ATM implied volatility for the November 4 expiry stands at 48.08%”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.