BlockBeats News, November 5th. QCP released its daily analysis stating that the long-awaited day has finally arrived. Market anxiety is evident in the stock, bond, and cryptocurrency fields as the upcoming election approaches. Due to Trump's impact on the market's leading position, attention has been paid to the bullish positions of the dollar, cryptocurrency, and bets on rising bond yields before the election. However, a Harris victory may reverse these gains, triggering significant overnight market fluctuations. The crypto options market expects Bitcoin to experience a fluctuation of +/- 3.5% on election night. However, traders may underestimate the post-election risks, as the volatility premium after the November 8th expiration is low, indicating that the market expects a rapid resolution.
Bitcoin is still considered part of the "Trump Trade." On Monday, as polls showed Harris with a slight lead, the spot price of Bitcoin fell, and significant outflows were observed in spot ETFs. Volatility is almost certain. Recalling 2016, when Trump unexpectedly won, U.S. futures initially plunged, then rebounded, and the following two days became the most active trading days in six months. Similarly in 2020, it wasn't until four days after the election that Joe Biden was officially declared the winner, causing trading volume to soar to a six-month high. As the voting results are announced, the spot price of Bitcoin will experience intense fluctuations, so fasten your seatbelts.

