Bitcoin Awaiting Elections

David Lavant noted that since April, Bitcoin has been trading in the range of $53,991 to $73,000. Traders expect that after the conclusion of the election race in the U.S., the market will become more active, regardless of the outcome.

The open interest (OI) for Bitcoin contracts expiring at the end of November has reached $80,000, indicating a positive sentiment among market participants. Trading volumes have increased by 40% over the past four months, which is a good sign.

The analyst pays particular attention to Solana (SOL), which is showing high growth potential and becoming an attractive asset for diversification. Despite potential price fluctuations for Bitcoin and SOL in the short term due to the elections, Lavant expects the market to recover by the end of November.

Arthur Hayes, co-founder of BitMEX, also highlights Solana as a strong investment amidst the upcoming elections in the U.S.