A recent report from Bybit and Block Scholes reveals that the crypto market remains calm leading up to the U.S. election, despite lower short-term volatility. The report indicates that traders are positioning themselves ahead of the election with a bullish sentiment, even as implied volatility for short-term options has fallen. However, there is a high level of volatility for options that expire later, suggesting that traders are focused on the election and potential market changes afterward. Funding rates remain positive across all tokens, indicating a belief that the market will rise. The report suggests that significant movement could occur after the election, with Bitcoin potentially reaching $70,000.



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