Greeks.live: Last weekend, cryptocurrency options had a large volume transaction of 550 million US dollars, with the right to spend premium at 4.4 million US dollars

Macro analyst Adam from Greeks.live posted an analysis of the options market over the weekend. Over the past weekend, cryptocurrency options had a large volume transaction of 550 million US dollars, with option premiums costing 4.4 million US dollars, making it quite active during the weekend. The market is mildly rising and sentiment is very optimistic. Currently, both BTC and ETH prices are fluctuating near recent highs, with more traders believing that a breakthrough is imminent. There are two weeks left until the election and Trump's chances of winning are increasing which brings good expectations to the market. After all, Elon Musk who strongly supports Trump is very friendly towards cryptocurrencies; hence, the market is now pricing in a victory for Trump.