Crypto traders are bracing for potential price volatility in Bitcoin (BTC) as the U.S. presidential election approaches. The recent activity in the options market suggests significant price movements could match fluctuations seen in previous volatile scenarios.

"I expect a +1.5-Sigma ($6,000 to $8,000 price range) as a result of the post-election price reaction," Greg Magadini, director of derivatives at Amberdata, indicated.

“我预计由于选举后的价格反应，将会出现 +1.5 西格玛（6,000 到 8,000 美元的价位区间）。

The current trading estimates, driven by the annualized forward volatility of 112%, forecast a potential price change of around $4,000 either way, suggesting a cautious bullish trend as the election date draws near.

Magadini noted the tight race between Donald Trump, regarded as crypto-friendly, and Kamala Harris indicates a tight battle for key votes that could significantly influence market reactions.

In addition, options traders are positioning for bullish trends, purchasing call options at significantly high strike prices, countering the recent dip in spot market values.

Joshua Lim, co-founder of Arbelos Markets, remarked: "Bitcoin call options are repricing higher, even while spot price ticks lower this weekend due to surprisingly weak polls for Trump."

“比特币看涨期权价格正在上调，即使在特朗普的民调表现不佳的情况下，现货价格在本周末依然在降低。

As expected price movements approach critical events such as the Federal Reserve’s decisions and the election results, the market remains tense but optimistic.