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QCP Capital: BTC front-end volatility rose 5 points this morning, and risk reversal favors upward movement

QCP Capital: BTC front-end volatility rose 5 points this morning, and risk reversal favors upward movement

CointimeCointime2024/07/11 10:29
By:Cointime

QCP Capital released a market analysis pointing out that the CPI data released tonight has attracted everyone's attention. The market expects a 70% possibility of a rate cut in September, which is reflected in the continuous rise of the stock market, but has not yet been digested by the cryptocurrency market. The front-end volatility of BTC rose by 5 points this morning, and the risk reversal is favorable for the upward trend, indicating that the market expects potential upward volatility. In addition, the German government transferred 10,000 BTC to exchanges and market makers yesterday. The wallet now only holds 15,000 BTC, while it initially held 50,000 BTC in mid-June, indicating that supply pressure may have eased. As the supply decreases, soft CPI data may become a catalyst for breaking through this range, especially with the launch of spot Ethereum ETF trading next week, which is expected to present risk-return opportunities.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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