Bitget Research Institute: The election becomes a catalyst for the rise of the crypto market, with BTC aiming for 100,000 USD
ChainCatcher news, Bitget Research Institute stated that in the short term, Polymarket shows that the market believes the probability of Trump winning exceeds 90%, which is a significant deviation from the then poll results. Trump secured the crucial votes in Georgia, further increasing his winning probability, leading to a panic entry of cautious funds, pushing the BTC price to new highs. Bitget Research Institute reminds that attention should be paid to the risk of a pullback due to short-term profit-taking after the election.In the medium to long term, Trump's election is favorable for BTC, but his policy direction may push up inflation levels in the United States, and the medium to long-term U.S. interest rates may remain above 3.5%. The Republican Party may sweep Congress this time, which could promote a regulatory framework favorable to the crypto market, benefiting the crypto market in the medium to long term.Additionally, Bitget Research Institute pointed out that in the derivatives market, the IV of the options market has risen, and the open interest in the contract market has increased by 900 million USD in the short term, indicating that traders are betting on future volatility. Furthermore, after the market capitalization of stablecoins broke a new high, it has been fluctuating around 160 billion USD, providing significant leverage space for the market, and BTC may reach the level of 100,000 USD within 5 months.