Data from Bitwise Asset Management's ETC Group shows that there is uncertainty in token prices depending on the results of the U.S. presidential election. Using implied performance on theoretical value, ETC Group found that Bitcoin could rise 10% in either direction depending on the election results. Given the current spot price of just under $68,000, a 10% increase would mean a new all-time high, surpassing March's $73,697. The team also found that the impact of the election could have the greatest impact on ADA and DOGE, at 18% and 20%, respectively.
Furthermore, according to Coinglass data from 2013 to 2023, Bitcoin’s returns in the second half of October (16th to 31st) were twice as high as in the first half (1st to 15th).
Looking beyond the U.S. election, the options market shows a bullish bias for Bitcoin, with most of the long open interest at strike prices of $70,000 and $80,000. The strike prices expiring on November 29 are $141 million and $120 million in notional value, respectively. (CoinDesk)

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