Odaily News Bitfinex analysts said, “Although the market generally expects increased volatility before the US election on November 5, many market participants seem hesitant and adopt a wait-and-see attitude. But large fluctuations are still expected in the short term after the election, which may "drive major trends" or, if they do not occur, it may be a warning sign of a "deeper correction" in Bitcoin in a shorter period of time.” In addition, Bitfinex analysts added that BTC absorbed most of the inflow of crypto funds, and it would be difficult for altcoins to make a comeback in the short term without new catalysts.