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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