FeesSafety
Pluang+

Bitcoin puts cost more than calls ahead of US midterm elections, signaling higher downside risk.

Market News
02 Nov 2026, 16:56 WIB
CoinMarketCap
View Source
Neutral
Bitcoin puts cost more than calls ahead of US midterm elections, signaling higher downside risk.

Bitcoin options traders are paying a premium for put options expiring the day after the US midterm elections, reflecting increased demand for downside protection amid recent Binance security issues and bearish sentiment. The implied volatility gap between puts and calls narrows for later expiries, indicating the extra cost is centered around the election date. Bitcoin is holding support near $76,000, with a close above $79,500 seen as a recovery signal. Historically, Bitcoin has risen a year after midterms, though short-term post-election moves have been mixed.

Bitcoin trades at Rp1.409.627.315 on Pluang, down 0.48% as of Nov 02, 2026 22:22 WIB, showing slight weakness despite traders paying premiums for downside protection around the US midterms. Binance Coin also declined 1.41% to Rp12.815.365, reflecting some market caution possibly linked to Binance security concerns mentioned in the news. Pluang users show a strong buy interest in Bitcoin with 71% buy orders and a typical hold time of 112 days, indicating confidence beyond short-term volatility.

More News (BTC)

Bitcoin holds above 50-week average despite $6.3B Binance hack, showing market resilience.

Bitcoin holds above 50-week average despite $6.3B Binance hack, showing market resilience.

Bitcoin has maintained its position above the 50-week moving average for the seventh consecutive week despite the $6.3 billion hack on Binance, one of the largest crypto exchange breaches. This resilience suggests that much of bitcoin's speculative e...

Technical Signals
Neutral
6 hours ago
Institutions and governments hold over 4.2 million BTC, with public companies and ETFs leading.

Institutions and governments hold over 4.2 million BTC, with public companies and ETFs leading.

As of November 2, tracked Bitcoin holdings across public companies, private companies, governments, ETFs, exchanges, and DeFi entities totaled approximately 4.22 million BTC. Public companies hold about 1.27 million BTC, led by Strategy with 849,327 ...

Neutral
7 hours ago
Bitcoin breaks down from descending channel amid Binance hack fears, eyes $75K support level.

Bitcoin breaks down from descending channel amid Binance hack fears, eyes $75K support level.

Bitcoin's price has fallen out of a descending channel and confirmed this breakdown, raising concerns of a deeper drop to around $75,000. This comes amid the backdrop of the $6.3 billion Binance hack, which included about 18,270 BTC. Technical indica...

Technical Signals
Bearish
7 hours ago
BTC and SOL see net inflows while ETH posts net outflows in latest 24-hour crypto fund flows.

BTC and SOL see net inflows while ETH posts net outflows in latest 24-hour crypto fund flows.

In the past 24 hours, Bitcoin (BTC) and Solana (SOL) experienced net inflows of $52.31 million and $34.23 million respectively, indicating increased investor interest. Meanwhile, Ethereum (ETH) saw the largest net outflow of $39.61 million, suggestin...

Neutral
7 hours ago
Bitcoin faces key tests this week with US midterms, global rate hikes, and US jobs report.

Bitcoin faces key tests this week with US midterms, global rate hikes, and US jobs report.

Bitcoin and crypto markets face a critical week with three major events: US midterm elections, rate decisions by central banks in Australia, Sweden, and the UK, and the US October jobs report. Investors link Bitcoin's potential rise to $100,000 by ye...

Market News
Neutral
8 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App