QCP Capital: The market is waiting for signals on the rate cut magnitude in September, and significant fluctuations are not expected this week

ChainCatcher message, QCP Capital's latest report indicates that Bitcoin spot ETFs have seen strong capital inflows for 12 consecutive days, while Ethereum spot ETFs have faced capital outflows for 8 consecutive days. The dominance of Bitcoin in the options market reflects the macro-driven characteristics of the current interest rate cut cycle. QCP has observed a moderate buying of bullish option spreads in the options trading desk, and the recent decline in volatility suggests that the market is cautiously optimistic.

QCP recommends that for the remainder of the third quarter, as long as the spot price is below $67,000, investors should accumulate Bitcoin spot at a weekly discount of 8.27% ($57,600). They expect that there will be no significant market fluctuations this week, as investors are waiting for clear signals regarding the extent of interest rate cuts in September.