The worst case scenario for risk assets including cryptocurrencies would be a delayed or contested election where the result is unknown for weeks, one observer noted.

“It looks like bitcoin options traders appear to be hedging their bets to the downside ahead of the U.S. election this week,” one observer said, noting pricier puts on the CME.

The manipulation narrative is an attempt by mainstream media to discredit Polymarket’s election odds and control the narrative, one expert said.

Whether Kamala Harris or Donald Trump becomes U.S. president probably won’t dictate bitcoin’s price growth.

While volatility is price-agnostic, recent flows in the options market suggest bullish expectations.

A tracker for market sentiment reached “extreme greed” levels on Thursday, which has historically preceded market corrections.

Normally, a $21 billion equity offering by a company only worth just over double that amount would tank the issuer’s stock price. But the economics around corporate America’s biggest bitcoin bull are different.

Token unlocking events usually weigh on prices, but multi-month reaccumulation, crowded shorts and bullish crypto prices could lead to a surprise rally, analyst said.