Bitcoin Market Positioning Shifts Ahead of Midterm Elections

With midterm elections one month away, Bitcoin options traders are increasingly positioning for a rally above $90,000. While market volatility remains high due to shifting FOMC rate-cut expectations and strong jobs data, on-chain metrics show large shareholders holding between 10 and 10,000 BTC have accumulated over 41,000 BTC in the last ten days. This trend suggests a transition of supply from short-term to long-term holders, potentially supporting a move toward $90,000 despite current liquidity challenges and macroeconomic pressures.