QCP Capital: BTC and ETH may continue to slump until the US Presidential Election
2024-07-24 11:15:52
On July 24th, QCP Capital analysts said that the implied volatility difference between bitcoin call and put options decreased by 3 points, indicating that the market sentiment has shifted in the past 24 hours, and traders are currently cautious about the downtrend. Expectations of further declines in the options market were exacerbated by concerns about selling pressure. These concerns were exacerbated by the U.S. government's transfer of bitcoin to Mt. Gox creditors on the Coinbase and Kraken platforms to complete long-awaited repayment operations. Due to selling pressure from the U.S. government and Mt. Gox, bitcoin and ETH prices are likely to remain subdued until they return to strength before the election.
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