Matrixport posted a chart saying that as implied volatility continues to be low, bitcoin traders need to establish corresponding positions to prepare for the possible bull market caused by Trump's victory. Bitcoin options expire on November 8, 2024, but the market is not showing extreme positions, indicating that traders are cautious about the outcome of the election. However, the call-over prices of $65,000 and $70,000 suggest that many traders are expecting the market to rebound. The bitcoin options market, which has traded between $42 billion and $71 billion this year, is gradually displacing cryptocurrency stocks that have underperformed since the bitcoin halving in April 2024 as the preferred leverage tool for traders. In addition, although MicroStrategy's current share price is higher than the value of its bitcoin holdings, owning MicroStrategy has become an alternative to gaining direct exposure to bitcoin. The macro situation improved at the beginning of this year, and bitcoin prices rebounded for a while, but they retreated again as market structure and liquidity drivers weakened. Trump's victory could be a boon for bitcoin, but if the Federal Reserve tightens its monetary stance in response to the over-stimulation of the economy by Trump's policies In the lead-up to the election, traders looking to make short-term profits may consider using call arbitrage strategies to manage risk and capture upside gains.