Standard Chartered Bank: Bitcoin prices may pull back, and volatility is expected to increase in the coming days

ChainCatcher news, Jeff Kendrick, the global head of digital asset research at Standard Chartered Bank, stated that Bitcoin prices may experience a pullback before the U.S. presidential election on November 5, and increased volatility is expected in the coming days. As the election approaches, the premium on 7-day Bitcoin options should continue to rise compared to 30-day options.

He added, "This is due to the fact that it takes several days to get complete election results. This trend may resemble the volatility seen before the launch of the spot Bitcoin exchange-traded fund in early January."