Bitcoin Traders Wary of Price Drop in U.S. Election Week, CME Options Show

Bitcoin Traders Wary of Price Drop in U.S. Election Week, CME Options Show

The so-called 25-delta risk reversal for contracts expiring Friday (P2XE24) was -1.3% on Monday, showing a bias for puts. The metric measures the difference in implied volatility between out-of-the-money higher strike calls and lower strike OTM puts, providing an easy to read picture of the market sentiment.