On Thursday, October 24th, Bitcoin rebounded above $67,100, with an overnight low touching $65,260. Billionaire Elon Musk's Tesla released its third-quarter financial report, revealing no Bitcoin sales, dispelling recent dumping fears. Data from the large crypto betting platform Polymarket shows that Trump's win rate in the November election has dropped in the short term, with American bankers supporting Trump but expecting Harris to win. Bloomberg reported that the two candidates are deadlocked in swing state polls.

Tesla Financial Report: Did Not Sell 11,509 Bitcoins in the Third Quarter.

Tesla released its third-quarter 2024 financial report on Wednesday, revealing that the company did not sell any of the $0.184 billion worth of digital asset investments this quarter, and has not sold any cryptocurrencies for five consecutive business quarters.

According to the financial statements of this car company, third-quarter revenue exceeded $25.18 billion, slightly lower than the approximately $25.5 billion in the second quarter. Net income for this quarter is approximately $2.18 billion, a significant increase from around $1.5 billion in the second quarter.

Since Tesla started acquiring Bitcoin, the company entered the eyes of crypto investors in 2021. Since then, Tesla and other listed companies holding digital assets have been closely watched by market participants, who measure the actions of these corporate entities as a representation of institutional interests, keeping track of potential selling pressures that may affect the market.

Blockchain analysis company Arkham Intelligence reported that a wallet suspected to be owned by Tesla began transferring Bitcoin from a wallet that had been idle since 2022 to an unknown wallet.

According to Arkham, currently, the wallet allegedly controlled by Tesla still shows a balance of 11509 bitcoins, worth approximately $750,728,797. Tesla's latest financial disclosure confirms Arkham Intelligence's preliminary report that the company has not sold any of its digital assets.

US Election Polling Chaos: Trump's Winning Odds Unexpectedly Decline.

Polymarket data shows that Trump's November winning odds have dropped to 60.3%, while Harris's winning odds have risen to 39.7%.

According to recent survey data, American banking industry professionals slightly lean towards Trump, but most expect Harris to take over the White House in January next year. Arizent, the publisher of American Banker, collected survey data from 191 American banking industry respondents, finding that 59% (approximately 112 people) believe Harris is the frontrunner.

However, when asked whether the Trump or Harris administration would be more favorable to the banking industry, 58% of respondents said that a Trump administration would be better.

According to American Banker: 'Interestingly, 58% of surveyed bankers believe that the Trump administration is more favorable to the industry and individual companies, while 35% believe Harris is most beneficial to the banking industry. Similar viewpoints were also found in questions regarding which election outcome would bring the best results for regulatory and policy affairs and the entire country.'

According to reports, respondents are facing a relatively unusual election cycle, with the two candidates spending little time discussing actual policies once elected. For the banking industry, this means uncertainty.

BTIG's Managing Director and Director of Policy Research, Isaac Boltansky, told Bank of America that bankers are "forced to make more assumptions than we are used to."

Another new twist in the US presidential election cycle is a greater emphasis on cryptos, questioning the next government's regulatory stance on digital assets and related technologies.

A Bloomberg/Morning Consult poll shows that in 7 swing states, the support for both candidates is statistically tied, highlighting how the narrow margin in these battleground states will determine who takes over the White House based on the final ads, rallies, and door-to-door campaigns.

In all seven states, the two candidates are evenly matched, with both candidates having 49% support among potential voters. The overall statistical margin of error in this opinion poll is 1 percentage point.

BitcoinTechnical Analysis

CoinTelegraph pointed out that Bitcoin's recovery attempts faced strong selling pressure from the bears, leading to a price drop to around $66,000 on Wednesday. The pullback in Bitcoin caused a net outflow of $79.1 million from the US Bitcoin spot ETF on Tuesday. According to Farside Investors data, this is the first net negative inflow since October 10.

Despite recent pullbacks, analysts are optimistic about Bitcoin's rebound after the US presidential election. FalconX research director David Lawant said, regardless of the election outcome, Bitcoin "may perform well".

Senior investor Paul Tudor Jones told CNBC that he holds a basket of gold, Bitcoin, commodities, and Nasdaq (technology stocks) because all roads lead to inflation after the US election.

Bitcoin briefly returned to the 20-day index moving average of $65,526, an important short-term level to watch.Resistance.

A strong bounce from the 20-day moving average will indicate a strong buying trend on dips, signaling a bullish sentiment. Buyers will then attempt to push Bitcoin above $70,000 again. If successful, the rebound could extend to $72,000. It is expected that sellers will pose a strong challenge in the $72,000 to $73,777 range.

On the downside, breaking below and closing below the 20-day moving average will weaken the positive momentum. Bitcoin could then fall to the 50-day level.Simple Moving Average$62,295, this will indicate that the range volatility will continue for several days.