The latest report from QCP Capital states that BTC price has rebounded strongly since last week's sharp market correction, but is still struggling to stay above the $60,000 level. The BTC put skew has recovered significantly from -25% during the panic to -5% before the wash, but the market remains cautious in the short term, expecting the BTC put skew to persist until September.
In two major pullbacks in April and June this year, BTC recovered to above 70k in less than a month. With Blackrock continuing positive inflows this week, QCP Capital expects liquidity and support from U.S. investors to continue.
QCP Capital: BTC put option skew has recovered from -25% during panic to -5%.
2024-08-12 12:42:36
Qcp capital latest report pointed out that the market has increased significantly since last weekdesk3cryptocurrencydesktopCrypto News
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