QCP: Noticing a large amount of $75,000 call options at the end of November, the market remains cautious

QCP released a daily analysis stating that the election battle between Harris and Trump is at a stalemate, with Polymarket's odds gradually approaching actual poll estimates. Currently, Polymarket still leans towards Trump, giving him a 55% chance of winning, but this is significantly down from 66% a week ago.

The sideways price trend over the weekend and the reduction in leveraged perpetual contract positions from $30 billion to $26 billion indicate that the market remains cautious. Since last Friday, the options market has observed large purchases of bullish options for end-November at $75,000. As the election date approaches, related option positions are also increasing; implied volatility exceeded 87 on Friday even though actual volatility was only 40.

It is expected that spot prices will fluctuate within this range until more clarity emerges about this week's election results. If Trump wins, it could trigger a rapid rise in prices; conversely if Kamala wins, markets may fall.