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QCP: It's hard to find reasons for Bitcoin's decline, but the options market is sending cautious signals

QCP: It's hard to find reasons for Bitcoin's decline, but the options market is sending cautious signals

Bitget2024/12/17 13:15

BlockBeats reports that on December 17, QCP released a daily market observation stating that it is becoming increasingly difficult to find reasons for pessimism about the spot price of Bitcoin. However, the options market has issued some cautious signals. Even as spot prices continue to hit new highs, the options market still shows a continuous tilt towards put options relative to call options - perhaps reflecting investors' preference for hedging risks rather than actively chasing upward trends.

VanEck predicts that the crypto market will reach its "mid-term" peak in the first quarter of 2025 and sets a target price for Bitcoin at $180,000. This prediction is supported by sustained bullish sentiment. Further enhancing optimism is that the Financial Accounting Standards Board (FASB) in the United States has adopted fair value accounting standards for Bitcoin and other digital assets, allowing companies to directly reflect fair value gains in net income - this is a transformative move for finance departments of companies holding Bitcoin.

Driven by supportive regulatory environment, this could trigger cross-asset feedback loops. Companies holding Bitcoin as reserve assets will find it easier to raise funds - potentially driving institutional demand for Bitcoin in a non-linear way.

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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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