QCP: US election week is coming, and the short-term implied volatility of BTC and ETH is still high

QCP Capital released a weekend summary report, which pointed out that Thursday's core PCE data was slightly higher than expected, while Friday's non-farm payrolls unexpectedly fell, causing the US dollar index to rebound and regain the 104 level. BTC's net inflows exceeded $2.1 billion this week. BlackRock's IBIT had a single-day net inflow of $872 million, the largest single-day net inflow since its launch in January. Despite Bitcoin's drop below $69,000 on Friday, market interest remains strong, with total open interest in BTC futures and BTC options remaining high at $40.65 billion and $25.3 billion, respectively. Although Trump is favored to become the next US president, the betting rate on Trump has dropped sharply from a high of 66% on Polymarket to 57% and 43%. In the upcoming election week, short-term implied volatility for BTC and ETH remains high (above 72 volatility units), and the tilt of put options continues to rise as traders increase their efforts for downside protection.