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According to QCP Capital’s Analysis, Bitcoin Options Saw Heavy Buying at This Price in Late November! Here Are the Details

The US election between Kamala Harris and Donald Trump is highly competitive, and Polymarket's forecasts are aligning with polling data. Polymarket currently leans towards a 55% chance of a Trump victory, down from 66% in the previous week. Bitcoin prices were mostly stagnant, and leveraged perpetual contract positions decreased, indicating a cautious market. The options market has seen significant activity, with heavy buying of $75,000 end-of-November call options. The volatility in Bitcoin prices is expected to increase depending on the election outcome. QCP analysts suggest that a Trump victory could lead to a rapid price increase, while a Harris victory could bring downward pressure. Investors are bracing for volatility, and Bitcoin is expected to remain within a range until the election results are announced.

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