Deribit Executive: A small number of institutional big players have begun to partially sell off or hedge through options to avoid the uncertainty risk brought by the election

Deribit's Asia-Pacific Business Head, Lin Chen, posted on X stating that the market has been sluggish for over two months from August 3 to October 14. It wasn't until BlackRock's financial report was released that overall sentiment began to warm up, with the current greed index at 72. With MSTR's financial report about to be released, if it performs well, market sentiment is expected to rise further. Trading this week is still expected to revolve around election betting. A small portion of institutional big players have already begun partial selling or hedging through options to avoid the uncertainty risk brought by the election.