Odaily Planet Daily News: Nick Forster, founder of DeFi derivatives protocol Derive, said that traders who want to predict the next major price fluctuation of Bitcoin only need to focus on the derivatives market, especially the options contract, which is beginning to see a "reflexivity seal". Reflexivity refers to the behavior and expectations of market participants that affect asset prices, and changes in prices that in turn affect participants' behavior, forming a feedback loop. Forster pointed out that the 30 day call/put skewness of Bitcoin option contracts will continue to "rise," indicating that traders are heavily betting on upward volatility and anticipate even greater market volatility. As the price of Bitcoin rises, traders expect the upward trend to continue, driving a self reinforcing cycle in the price, "Forster explained, stating that these traders expect the price of Bitcoin to rise to $80000 to $90000 by the end of November. As important political and economic events approach, market sentiment is currently preparing for potential volatility, "Forster said, referring in part to the upcoming US presidential election. (Decrypt)