Wu said that QCP analysis pointed out that Bitcoin has risen 2.4% since Monday, mainly driven by spot demand, reaching a high of $66.5k before falling back to $65k. Driving factors include: Trump's leading position in the election prediction market, Harris's promised crypto regulatory framework, China's stimulus policy failed to lead to a shift of funds to Bitcoin as expected, Mt. Gox's delayed repayments eased supply pressures, and reduced geopolitical risks. With Harris and Trump seen as candidates who support cryptocurrencies, the market outlook is likely to be favorable for the crypto market regardless of the election results. There are no major inflation or labor data releases in the near term, which provides cryptocurrencies with upside opportunities with low risk premiums. October's seasonal performance usually strengthens in the second half of the month, and it is recommended to use high convexity trading to capture opportunities.