ChainCatcher news, according to on-chain analyst @ali_charts monitoring, Bitcoin whales have reduced their holdings before the U.S. election, with the number of addresses holding more than 1,000 BTC decreasing by 2%.

ChainCatcher news, according to The Block, analysts from Animoca Brands Research claim that after the U.S. presidential election, Polymarket users are likely to continue using the platform.The related report points out that Polymarket is an on-chain prediction market that provides quantitative odds for future events, with its monthly trading volume soaring from $40 million to $2.5 billion between April and October. Meanwhile, the open contracts increased from $20 million to $400 million. In October alone, the platform's website attracted 35 million visits. At the same time, citing Polymarket has become a standard not only in crypto media but also in mainstream news outlets.

ChainCatcher message, according to Onchain Lens monitoring, a whale withdrew 5 million dollars from Kraken in the past 13 hours to bet on who will win the U.S. election on Polymarket, purchasing "YES" shares for Trump and "NO" shares for Harris.The whale is trading in 6 markets and still holds 907,000 dollars worth of USDC available for betting.

ChainCatcher news, according to Cointelegraph, the regulated prediction market platform Kalshi will begin accepting deposits in the dollar-pegged stablecoin USD Coin (USDC) as part of the prediction market's efforts to attract users ahead of the U.S. November elections, which the platform confirmed on October 28.Kalshi's cryptocurrency deposits are set to launch soon, with the cashing out managed by the crypto payment platform ZeroHash.

ChainCatcher news, Singaporean crypto investment firm QCP Capital stated that there are only 2 weeks left until the U.S. election, which is currently attracting a lot of attention. In the prediction market, Trump has begun to expand his lead over Harris, while polls in key swing states are currently leaning towards the Republican Party. The market is currently pricing in the possibility of Trump being elected president. Discussions about increased tariffs and tax cuts have led to a stronger dollar and rising U.S. Treasury yields. Given Trump's more crypto-friendly stance, it is not surprising that Bitcoin's trading price has risen.The S&P 500 index continues to set new historical highs, and the U.S. 2-year Treasury yield has once again surpassed 4%. Driven by an unprecedented volume of open contracts on exchanges, Bitcoin has moved towards $69,000. The total open contract volume for exchange futures currently stands at $40.5 billion. The market is currently expecting a 1.5 rate cut in 2024. A stronger-than-expected labor market and the increased likelihood of Trump being elected president have rekindled hopes that U.S. economic growth will remain strong. With uncertainty in the labor market still present, all eyes are on the non-farm payroll report (NFP) set to be released next Friday. As the last NFP report before the next Federal Reserve meeting, it will play a key role in shaping market expectations for the Fed's next interest rate actions. Ahead of the employment data release and the election, Bitcoin and Ethereum remain well-supported with upside potential.

ChainCatcher news, QCP released a daily report stating that Bitcoin rose by 2.20% last night, briefly rebounding to the $68,000 mark driven by strong spot demand, and then stabilizing in the $67,000 range. During the U.S. trading session, there was a significant amount of buying in long-term options expiring on March 28, with 600 contracts at a strike price of $120,000.This indicates that optimistic long-term buyers are returning in this rebound. Yesterday, Bitcoin ETFs saw an increase of $456 million, continuing four days of net inflows. These strong and growing capital inflows may be a leading indicator for BTC to challenge its historical high of $73,790 again.Although the U.S. election is the next key catalyst for Bitcoin and cryptocurrencies, there remains uncertainty in the market regarding Bitcoin's trajectory post-election. The trading price of options expiring close to the election is at a premium of 10% compared to other expiring options. As everyone focuses on the election, any changes in polling or candidate campaign narratives will be amplified in the spot prices.

ChainCatcher news, Greeks.live researcher Adam posted on social media that this Friday will see the quarterly settlement, with significant declines in implied volatility across all major expirations. Currently, BTC's options positions for this quarter account for 33% of total positions, while ETH's options positions for this quarter account for 38%, indicating a relatively small quarterly settlement.Recently, there has been a large volume of block put option transactions, likely related to rolling positions. The next quarter covers the U.S. elections, which brings a lot of uncertainty; however, the overall implied volatility level is relatively low, having been below the current level for less than 30% of the time in the past year.Whales are positioning for the next quarter, especially with trading being very active around the elections.

ChainCatcher news, Binance's regional market director Vishal Sacheendran stated in an interview at the Token2049 event that the elections in November are not expected to have a significant impact on the regulation of the global digital asset industry."Crypto regulation is completely decentralized," Sacheendran said, "Will the (U.S. election) affect how countries in the Middle East, Latin America, and Southeast Asia approach the crypto market? They know what is the best choice for their countries."He pointed out that regions in Asia, such as Singapore, Thailand, Indonesia, and India, have now become important crypto markets, and the leaders and regulators in these areas are more open to nurturing Web3 talent.

ChainCatcher message, a Wall Street Journal poll shows that Harris's support rate is 48%, while Trump's support rate is 47%; the margin of error is plus or minus 2.5%.

ChainCatcher news, there are only about two weeks left until the scheduled date for the debate where Trump and Harris have reached a consensus.Trump posted on the Truth Social platform on Sunday night, criticizing ABC News, the host of the debate on September 10, suggesting it is biased towards Harris and questioning, "Why should I debate Harris on that network?" He also stated, "Why does Harris refuse Fox, NBC, CBS, and even CNN?"Harris's campaign team issued a statement on Monday saying there is a dispute over whether each candidate's microphone should be muted when the other is speaking.

ChainCatcher news, Fundstrat managing partner Tom Lee stated in an interview with CNBC that the hope of Trump winning the November election could boost asset prices, including Bitcoin. The market currently believes that the chances of Trump winning are higher than what the polls indicate, and sees this as a positive development. "When the market becomes more convinced of this, you will see cyclical stocks, small-cap stocks, and Bitcoin perform better, as these all reflect clear policy differences." FiveThirtyEight's current national poll shows Democratic nominee Kamala Harris leading Trump by 3.4%. In contrast, cryptocurrency bettors on Polymarket believe Trump has a 52% chance of winning.