QCP Capital: Maintain long-term structural bullish view, stay vigilant for major events this week

The latest report from QCP Capital indicates that the cryptocurrency market has stabilized after last week's volatility, but implied volatility remains high. The market is on alert for major events happening this week, especially the debate between Trump and Harris and the release of CPI data. Affected by last week's sharp decline, the market still maintains a cautious attitude towards downside risks. The risk reversals of Bitcoin and Ethereum until October are still biased towards put options. Despite many uncertainties and price fluctuations in the short term, QCP still maintains a structurally bullish stance.