QCP Capital: There is money flowing into BTC call options after the recent decline
2024-06-10 08:32:44
Bitcoin and Ethereum prices fell after Friday's better-than-expected US jobs data dented hopes of a rate cut by the Federal Reserve in September. QCP Capital said that the recent decline in Bitcoin and Ethereum after the report created "bargain buying" opportunities. The Federal Reserve will struggle to maintain high interest rates while other central banks reduce borrowing costs, as the market will increasingly absorb the impact of at least one Fed rate cut. As the rest of the world continues to cut interest rates, it will be difficult for the United States to ignore this. QCP Capital added that its trading desk has seen bullish flows in the course of this decline, with both sellers of aggressive puts and buyers of price differentials, especially BTC calls.
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 Capital：近期下跌后有资金流入BTC看涨期权Next article：
FLOKI宣布将在印度建设一所学校
