US state election results were released this morning, with Trump currently leading Harris by nearly 200 votes, according to the latest update at 10:19 PM Western Time.
Meanwhile, on the Polymarket prediction platform, there’s a 90.7% likelihood wagered on Trump winning.
Simultaneously, the market is reacting with a sharp rise in Bitcoin’s price, breaking its previous all-time high at $73,600 USD. Data from TradingView on Binance shows it is on track to reach a new ATH of $75,000 USD.
However, Coinglass’s BTC heatmap indicates that liquidations of long positions are nearly complete. This suggests that the current price level might be a potential weak point for BTC, possibly reverting to the $69,000 level.
With only two days remaining, major events in the crypto market are on the horizon, likely to bring significant volatility. Notably, the expiration of BTC options contracts worth $2 billion presents a challenge, especially with the max pain zone for these options around $69,000.
This information has been compiled and analyzed by Unich Analysis. Stay tuned for the most important updates.
