bullish

Bitcoin

Block

Dubai

Bybit and Block Scholes report a calm crypto market leading up to the U.S. election, with bullish sentiment despite lower short-term volatility. 
A new report from Bybit and Block Scholes, shared with crypto.news, highlights a calm crypto market in the weeks leading up to the <a rel="" href="https://crypto.news/will-harris-crypto-commitments-outweigh-trump-promises/">U.S. election</a>, with lower short-term volatility but an overall positive outlook.&nbsp; 
According to the report, traders are positioning themselves ahead of the election, indicating bullish sentiment, even as implied volatility for short-term options has fallen. 
Implied volatility measures how much price movement traders expect in the future. Regarding 7-day options, the report noted a sharp drop, suggesting less anticipated movement in the immediate term. 
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<h2 class="wp-block-heading" id="volatility-after-the-election">Volatility after the election </h2> 
However, the market shows a steep term structure, meaning volatility for options that expire later, such as 14-day options, is higher. This reflects traders’ <a href="https://crypto.news/will-congress-take-control-or-let-crypto-run-wild/" target="_blank">focus on the election</a> and the potential for significant market changes afterward. 
Funding rates, which show the cost of holding positions in futures contracts, remain positive across all tokens, not just Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank">BTC</a>) and Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank">ETH</a>).&nbsp; 
Positive funding rates often indicate that more traders are betting the market will rise. Bitcoin call options, which give traders the right to buy BTC at a set price, dominate open interest, further emphasizing a bullish outlook. 
The report suggests that while the market is calm for now, significant movement could occur after the election, with Bitcoin potentially breaking the $70,000 mark after November. 
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Crypto market will be calm before US election: analysts

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