On July 13th at 18:00 local time in Butler, Pennsylvania, Trump delivered a new round of presidential campaign speeches. At 18:11, a gunman fired several shots at him from a high point outside the venue, injuring Trump’s right ear. This incident simultaneously ignited public support for Trump, causing his election odds to soar above 70%. Given his stance as a user and advocate of digital currency (at least during this campaign), the assassination attempt indirectly boosted BTC prices and overall market volatility, which climbed rapidly from the weekend’s low.

Source: TradingView；SignalPlus

That being said, the credit for Bitcoin’s recovery isn’t solely his doing. According to data from Farside Investors, traditional funds have recently re-entered the digital currency market through Spot ETFs. The prospect of a rate cut in September provides macroeconomic support, and Arkham reports that the German government has no more BTC to sell. BTC’s ability to hold the $50,000 line despite strong recent selling pressure has also increased investor confidence in its price resilience, offering a preview for the upcoming Mt. Gox repayment event.

In options trading over the past 24 hours, investors have shown positive sentiment by selling large amounts of short-term bearish strategies, such as Short Put Spreads and Short Puts. Notable examples include the BTC Short 26JUL 62000 vs 58000 Put Spread (200 BTC per leg) and the ETH Short 26JUL24 3300-P (3500 ETH). However, it’s also noteworthy that many August BTC put options have been bought, with traders taking advantage of rising prices to buy relatively cheap put options, providing continuous protection for their profitable long positions.

Source: Farside Investors; Twitter

Source: Deribit （As of 15 JUL 8: 00 UTC）

Data Source: Deribit, Overall Distribution of ETH Transactions

Data Source: Deribit, Overall Distribution of BTC Transactions

Source: Deribit Block Trade

Source: Deribit Block Trade