Bitfinex Alpha: Correlation between Trump's chances of winning and Bitcoin's upward trajectory strengthens

Bitfinex published a research report showing that under the multiple influences of geopolitical uncertainty, macroeconomic factors and the growing narrative of the "Trump deal", BTC volatility has increased, with a sharp intra-week correction of 6.2% last week, followed by a rebound. The pullback highlights the growing impact of the upcoming US presidential election on short-term prices, and the correlation between Trump's chances of being elected and Bitcoin's upward trajectory has increased. Market expectations for the election have driven a surge in options trading activity, with higher premiums for options expiring on key dates before and after the election, and implied volatility is expected to reach a peak of 100-day volatility on November 8, shortly after Election Day, indicating that the market is preparing for potential turbulence, and short-term volatility is expected to be higher than normal regardless of the election results.