QCP Capital: Investors are waiting for a signal on the magnitude of the interest rate cut in September, and it is expected that there will be no significant market volatility this week.

2024-08-27 10:21:38

Abstract generation in progress

Odaily Planet Daily News QCP Capital’s latest report points out that Bitcoin spot ETF has seen strong capital inflows for 12 consecutive days, while Ethereum spot ETF has faced capital outflows for 8 consecutive days. The dominant position of Bitcoin in the options market reflects the macro-driven characteristics of the current interest rate cycle. QCP has observed moderate bullish option spread buying on the options trading platform, and the recent decline in volatility indicates cautious optimism in the market. QCP suggests accumulating Bitcoin spot with a 8.27% discount (57,600 USD) weekly, as long as the spot price is below 67,000 USD for the remaining time in the third quarter. They expect no significant fluctuations in the market this week as investors await a clear signal on the extent of the interest rate cut in September.

BTC3.01%

ETH5.24%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes