Deribit CEO Luuk Strijers said derivatives traders are bracing for a bullish move in Bitcoin in the days following the US election on November 5. He added that data showed that twice as many call options on Bitcoin expired on November 8 as put options, the first option to expire after the US Presidential Election. "For options that expire on November 8, the unpositioned squaring contract is worth more than $2 billion, with major strike prices of $70,000, $75,000 and $80,000 and a put/call ratio of 0.55, indicating that there are twice as many unpositioned squaring calls as put options," Strijers said. Strijers added that the forward implied volatility is 72.29%, indicating that prices could move around 3.78% in the days following the presidential election.