Bitcoin dropping below $60,000 due to geopolitical tensions in the Middle East could be a buying opportunity.
Risk-on assets like Bitcoin may face a downturn as investors seek safer investments like gold.
Surge in call option open interest on Deribit indicates traders betting on a year-end rally for BTC.
Geopolitical tensions could push BTC price lower in the short term but increase Trump's odds of winning, subsequently improving the post-election outlook for Bitcoin.