According to Foresight News, Matrixport said in a post that Bitcoin traders have not yet bought into Trump's victory. As implied volatility continues to fall, traders need to establish positions to prepare for the bull market that may be brought about by Trump's victory.

Bitcoin options expire on November 8, 2024, but there is no extreme position in the market, indicating that traders remain cautious about the election results. However, the strike prices of $65,000 and $70,000 indicate that many traders are looking forward to a market rebound. The Bitcoin options market has a trading volume of between $42 billion and $71 billion this year, gradually replacing the sluggish performance of cryptocurrency stocks since the Bitcoin halving in April 2024, becoming a more popular leverage tool for traders.

Although MicroStrategy's current share price is higher than the value of its Bitcoin holdings, holding MicroStrategy has become an alternative option to gain direct exposure to Bitcoin. At the beginning of this year, the macro situation was positive and Bitcoin prices rebounded for a time, but as market structure and liquidity drivers weakened, they fell back.

Trump's victory could be bullish for Bitcoin, but gains will be thwarted if the Federal Reserve takes a tighter monetary stance in response to the excessive stimulus from Trump's policies. Traders seeking short-term profits before the election may consider using a call option arbitrage strategy to manage risk and capture upside gains.