Washington is voting and Bitcoin is holding its breath, darling. $BTC sits near $76,900 while America decides the House and the Senate, with the first results landing as Asia wakes up tomorrow.
The market has already cast its own ballot: about $1.04 billion walked out of US spot Bitcoin ETFs in two sessions, $ETH funds bled $140 million on November 2, options traders are paying 43.5% implied vol for the November 4 expiry, and the Fear and Greed index is parked at 33. $78,500 keeps capping every bounce, $76,000 is the line everyone is watching.
Crypto spent roughly $170 million on this election cycle. Tomorrow morning Asia finds out what it bought. Which headline moves the tape first: the House, the Senate, or the Fed decision right behind them?
#USMidtermElections #USOctoberNFP-AreRateCutsStillPossible
The market has already cast its own ballot: about $1.04 billion walked out of US spot Bitcoin ETFs in two sessions, $ETH funds bled $140 million on November 2, options traders are paying 43.5% implied vol for the November 4 expiry, and the Fear and Greed index is parked at 33. $78,500 keeps capping every bounce, $76,000 is the line everyone is watching.
Crypto spent roughly $170 million on this election cycle. Tomorrow morning Asia finds out what it bought. Which headline moves the tape first: the House, the Senate, or the Fed decision right behind them?
#USMidtermElections #USOctoberNFP-AreRateCutsStillPossible