đ Bitfinex Alpha report points out that the correlation between Bitcoin price trends and the probability of Trump's election has increased! As investors assess the potential impact of a Republican victory on crypto regulations, the market shows greater sensitivity to the U.S. elections.
đč The open interest (OI) of Bitcoin perpetual contracts and futures contracts has surged to over $40 billion, reflecting an increase in speculative activity. Macroeconomic factors such as potential Fed interest rate cuts, increased liquidity, and improved regulatory conditions may further propel Bitcoin's upward movement.
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