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The Week On-Chain 45, 2024
In the wake of the highly anticipated US Presidential Election, Bitcoin has broken to a new ATH of $75.4k. Under the surface, volatility continues to brew across option markets while on-chain capital inflows continue to expand, suggesting a persistent inflow of new demand.

Executive Summary
- Bitcoin has broken to a new ATH of $75.4k, sparked by the high likelihood of President Trump winning the US election.
- Capital inflows into the Bitcoin asset continue to grow, suggesting a persistent inflow of new demand.
- Profit-taking activities have seen a non-trivial increase, while losses realized remain negligible. However, both values are relatively modest compared to volumes seen around market extremes.
- Options markets are pricing in higher volatility expectations as investors hedge their positions in both directions.

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