QCP Capital: Some institutions are increasing bullish bets in the December and March contracts

2024-09-09 18:31:28

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ChainCatcher news, QCP Capital's latest report indicates that the cryptocurrency market has stabilized after last week's volatility, but implied volatility remains high. The market seems to be preparing for important events this week, particularly the debate between Trump and Harris (September 11, 9:00 AM Beijing time) and the release of CPI data (September 11, 8:30 PM Beijing time).

Given the speed of the price decline last week, the market remains cautious about downside risks, with the risk reversal for BTC and ETH still skewed towards put options until October. Despite short-term noise and price fluctuations, QCP Capital maintains a structurally bullish stance.

The market also appears to be taking advantage of this pullback to increase long positions, with the company observing large buyers purchasing call options expiring on March 28, 2025 (strike prices of $85k, $100k, and $120k).

QCP Capital finds the rebound from $52.5k encouraging and notes that some institutions seem to believe a bottom has been reached, increasing bullish bets in December and March contracts.

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