In this issue of Coin Metrics’ State of the Network, we’ll break down what went down in the markets around the election. We’ll also take a special look into how options markets are shaping up amidst a period of high levels of activity and uncertainty.
Key takeaways:
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Trading activity reached historic levels during and after the election as Bitcoin surged to all-time highs.
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Elevated levels of open interest weighted towards call options at high price levels signal strong bullish sentiment.
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Implied volatility can reveal general sentiments of uncertainty ahead of major events. IV was high heading into the election and sharply dropped after its resolution.
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