Odaily星球日报讯 Matrixport 发布最新图表称：“比特币已突破 70,000 美元关口，达到我们在 2024 年初设定的年末目标。根据最新的《Matrix on Target》报告，我们预计比特币价格在年底前可能进一步上涨。美国总统大选可能成为积极的市场催化剂，加上投资者对比特币现货 ETF 的强劲需求，将进一步推高比特币价格。 随着越来越多的多头投资者在即将披露的 13F 文件中公布比特币现货 ETF 持仓，这可能为年末的比特币反弹注入更多动力。”

Odaily星球日报讯 Matrixport 发布最新图表称：“比特币已突破 70,000 美元关口，达到我们在 2024 年初设定的年末目标。根据最新的《Matrix on Target》报告，我们预计比特币价格在年底前可能进一步上涨。美国总统大选可能成为积极的市场催化剂，加上投资者对比特币现货 ETF 的强劲需求，将进一步推高比特币价格。随着越来越多的多头投资者在即将披露的 13F 文件中公布比特币现货 ETF 持仓，这可能为年末的比特币反弹注入更多动力。”

Matrixport：现货ETF需求与美国大选或推动年末比特币反弹

Odaily Planet Daily Report: Matrixport released the latest chart stating: "Bitcoin has broken through the $70,000 mark, reaching the year-end target we set at the beginning of 2024. According to the latest 'Matrix on Target' report, we expect the Bitcoin price to rise further before the end of the year. The US presidential election may become a positive market catalyst, coupled with strong investor demand for Bitcoin spot ETFs, which will further drive up the Bitcoin price. As more and more long-term investors disclose their holdings of Bitcoin spot ETFs in the upcoming 13F filings, this may inject more momentum into the Bitcoin rebound at the end of the year."

Odaily Planet Daily Report: Matrixport released the latest chart stating: "Bitcoin has broken through the $70,000 mark, reaching the year-end target we set at the beginning of 2024. According to the latest 'Matrix on Target' report, we expect the Bitcoin price to rise further before the end of the year. The US presidential election may become a positive market catalyst, coupled with strong investor demand for Bitcoin spot ETFs, which will further drive up the Bitcoin price. As more and more long-term investors disclose their holdings of Bitcoin spot ETFs in the upcoming 13F filings, this may inject more momentum into the year-end Bitcoin rebound."

Matrixport: Spot ETF demand and the US election may drive a year-end Bitcoin rebound

According to data from the DeFi derivatives platform Derive, as the November 5 US election approaches, Bitcoin traders are preparing to deal with increased volatility, with price fluctuations expected to reach as high as 20%. Derive founder Nick Forster said on Monday: "As we approach a major financial event, the latest trading analysis has revealed some compelling market dynamics insights." The data shows that bets are concentrated around the $80,000 Bitcoin strike price, with strong call option selling, as traders use option premiums to prepare for potential price changes. Forster said: "Selling call options is dominant, indicating that traders are strategically collecting premiums, while the focus on the $80,000 target highlights a potential turning point for Bitcoin." He explained that in the past 24 hours, call options accounted for more than 47%, as traders hope to capitalize on the "premium" brought by election-related volatility. The different maturity volatility patterns indicate that traders are preparing for volatility before next week, but are still uncertain about the direction of the price.

Analysis: US election will increase Bitcoin volatility, options traders focus on $80,000 target

Odaily Planet Daily Report: VanEck's digital asset research head Matthew Siegel said that the recent rise in Bitcoin seems to be related to political changes and global economic concerns. Siegel pointed out that the upcoming US election, changes in money supply, and the international development of Bitcoin mining are factors affecting the recent price trend. Regarding the impact of the upcoming US presidential election on Bitcoin price trends, he explained that historically, Bitcoin has often responded to changes in political sentiment, especially when a candidate seen as more supportive of digital assets performs well in opinion polls. The recent price trend is consistent with the increased probability of betting on Trump, a candidate who supports cryptocurrencies. "We believe this is a very favorable setup for Bitcoin to enter the election. We saw the exact same pattern in 2020, when Bitcoin underperformed and had low volatility," Siegel said, "Once the winner is announced, we will experience a high-volatility rebound as new buyers enter the market." He also emphasized the importance of the long-term negative correlation between Bitcoin and the US dollar. He added that periods of US dollar weakness often coincide with Bitcoin price increases, as investors seek alternative stores of value. Another key factor he mentioned is the correlation between Bitcoin and money supply growth, especially M2, which tracks the supply of cash and readily available funds. Siegel said that the recent policy adjustments by the Federal Reserve have once again accelerated the money supply, thereby reigniting people's interest in Bitcoin. Furthermore, he discussed the impact of global developments on Bitcoin adoption. He pointed out that some emerging markets, particularly the BRICS countries, are integrating government-resource-supported Bitcoin mining operations. Looking ahead, Siegel said that global debt concerns could further drive interest in Bitcoin. He stated that if major economies, especially the US, face credit rating downgrades, this could serve as a catalyst for increased investment in Bitcoin as an alternative asset.

VanEck Director: US election, money supply changes and Bitcoin mining development drive Bitcoin's rise

Odaily Planet Daily Report According to Farside Investors data, the net inflow of the US Bitcoin spot ETF was $476.38 million yesterday, with a net inflow for 4 consecutive trading days.