Bitget Research Institute: The election has become a catalyst for the rise of the crypto market, and BTC is aiming at $100,000

Bitget Research Institute published a statement saying that in the short term, Polymarket showed that the market believed that Trump's chances of winning were over 90%, which was significantly different from the poll results at the time. Trump won the key votes in Georgia, and the chances of winning were further increased, causing panic entry of wait-and-see funds, pushing up the price of BTC to a new high. Bitget Research Institute reminds that it is necessary to pay attention to the risk of callbacks caused by short-term profit-taking after the election. In the medium and long term, Trump's election is good for BTC, but his policy orientation will push up the inflation level in the United States, and the US interest rate level may remain above 3.5% in the medium and long term. The Republican Party may sweep Congress this time, which may promote a regulatory framework that is beneficial to the crypto market, which is good for the crypto market in the medium and long term. In addition, Bitget Research Institute pointed out that in the derivatives market, the IV of the options market rose, and the open interest in the contract market rose by US$900 million in the short term, which means that traders are betting on the future high volatility market. In addition, the market value of stablecoins has fluctuated around US$160 billion after breaking through a new high, giving the market room to significantly increase leverage. BTC may reach US$100,000 within 5 months.