QCP Capital stated that despite Bitcoin falling below $69,000 on Friday, market interest remains strong, with the total open interest in Bitcoin futures and Bitcoin options remaining at $40.65 billion and $25.3 billion, respectively. The short-term implied volatility is above 72%, and the put skew for BTC and ETH has increased during the election week, with traders adding downside protection positions. Although Trump is widely favored to become the next president of the United States, the odds of Trump winning in the prediction market have fallen from a high of 66% to 57%, while Harris's support rate stands at 43%. Regardless of the outcome, we believe the election will replicate a 'buy the rumor, sell the news' scenario, similar to the situation after the Nashville Bitcoin conference.