[Matrixport: Options market volatility is expected to peak before the U.S. election] Golden Finance reported that according to Matrixport’s latest weekly report, macroeconomic and market sentiment fluctuated, and global funds returned to traditional financial markets, exacerbating the downward pressure on crypto assets. U.S. stocks linked with non-agricultural data pushed BTC up in the short term, but as a risk asset, BTC fell back along with U.S. stocks. Tokens with small and medium market capitalization performed better than BTC, showing that the crypto market is still highly speculative during the return of funds. BTC is fluctuating around $60,000, with significant selling pressure and has yet to form a stable upward trend. ETH demand is weak and despite support from decentralized applications, the price has underperformed BTC. Rising global economic uncertainty has driven up options market volatility, and institutions have used options to hedge market risks. Before the U.S. election in November, the options market volatility was expected to reach its peak, and institutions avoided severe fluctuations by making arrangements in advance. The launch of Bitcoin ETF has enlivened the crypto options market, and institutions tend to profit from volatility trading. Crypto arbitrage opportunities are reduced, funds are turning to traditional financial markets, liquidity is tight, and volatility trading has become an important strategy.