$BTC Next Monday, the A-share market is likely to continue its downward trend. Meanwhile, the cryptocurrency market has shown strong upward momentum. Trump is currently leading the election by 55% to 44%, which may mean that the safe-haven trade associated with the election has ended. The rising probability of Trump's victory is one of the key factors driving the price of cryptocurrencies. Currently, Trump's winning rate ratio with Harris is 55:44, with Trump leading by 11 percentage points. This lead is enough to attract investors who have withdrawn their funds due to concerns about the uncertainty of the election to re-enter the market and prepare for the market benefits brought by Trump's possible victory. Bernstein previously predicted that if Trump wins, the price of $BTC may directly hit $80,000 to $90,000. However, as Harris recently expressed support for cryptocurrencies, even if Trump loses the election, it will not be a major negative for the cryptocurrency market, because the long-term upward trend of cryptocurrencies has been consolidated and the impact of external factors is gradually weakening.

At present, the USDT balance on the exchange has surged by 146%, setting a record high, which indicates that strong purchasing power is coming and the altcoin season is about to begin. It is recommended to hold the spot until December and hold on to the currency in your hands. Due to the low liquidity of Bitcoin on weekends, the price correction is normal. This is just a preparation for a new round of rise. Bitcoin will soon hit $66,000 and may even approach the $70,000 mark. The inflow of funds from Bitcoin ETFs has a huge impact on the market and can almost be regarded as the trend of the main market. Last Friday, $BTC ETF funds returned strongly, with an inflow of up to $253 million, ending the previous three consecutive days of sluggishness. This return of funds came only from three institutions, Fidelity, ARKB, and BITB, and the inflow of funds from BlackRock was not even counted. This is undoubtedly a key factor in the return of market confidence. It is expected that the future market will remain optimistic. If Trump's winning rate continues to lead and there are no major surprises in the macro economy that affect the interest rate cut, more external funds may enter the market next week. By then, the risk-averse market before the election may turn into a pure buying market, and Bitcoin is expected to hit the $70,000 mark ahead of schedule.