QCP Capital pointed out that while the US election is the next key catalyst for BTC and cryptocurrencies, the market is still uncertain about where BTC will go after the election. Options expiring close to the election are trading 10% higher than other expiring options. With everyone's eyes on the election, any changes in the polls or the campaign narrative of either candidate will be magnified in the spot price. During the US trading session, the trading desk saw a large influx of buying on March 28 forward options, with 600 contracts at a strike price of 120k. This shows that optimistic, forward-looking buyers are returning in this round of rebound.