QCP: Continued buying by MicroStrategy could further support BTC price
2024-12-30 12:36:17
QCP Capital posted an analysis saying that it is currently seeing a typical quarter-end post-expiration volatility sell-off. Although Bitcoin is consolidating near the bottom of the single-month range, BTC and ETH have performed well in the fourth quarter: BTC is up 48% and ETH is up 30%. However, it may be a bit too early to summarize the quarter. Just yesterday, Michael Saylor once again hinted at another round of upcoming purchases that could further support the price. Despite the possibility of another round of purchases, it is skeptical of any new year move, especially with good funding conditions. January's average return (+ 3.3%) was relatively similar to December's (+ 4.8%), with spot prices expected to stay within this range in the short term before things start to improve from February. Options flow reflects similar sentiment, with lower front-end volatility and risk reversals most bullish for March call buying, in part due to the large March (120k-130k) call purchases last Friday.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
QCP：MicroStrategy的持续购买或将进一步支撑BTC价格Next article：
发改委等部门：加快区块链、隐私计算等可信流通技术研发和应用推广
