QCP Capital posted an analysis saying that after the Jackson Hole meeting, Bitcoin trading desks saw aggressive call spread buying, but there were also a very large number of call options sold, and the call-over price was around 100,000 until March 2025. Does this mean that the market is bullish, but it is not expected to have a blowout trend so soon. Even if the spot price rises, BTC and ETH are more biased than calls before October in terms of trading volume, which is surprising considering the overwhelming bullish sentiment, and may also indicate that the market is ready for this trend and profits very quickly by selling calls.
Although the price increase is decisive, the trading volume indicates that the market is hesitant, and with the front-end trading volume lower, the BTC spot price is likely to continue to fluctuate in the $62000-67000 range in the short term.
QCP Capital: BTC spot price is likely to continue to fluctuate in the $62000-67000 range in the short term
2024-08-26 11:31:12
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