QCP Capital: Strong bullish sentiment in the market, but does not expect explosive gains in the short term

Odaily Planet Daily News: QCP Capital's latest report points out that after the Jackson Hole Conference, there have been a large number of call option spread buying in the market, as well as a large number of call option sales targeting March 2025 with an exercise price of $100000. This phenomenon may indicate strong bullish sentiment in the market, but does not anticipate an explosive rise in the short term. Despite the rise in spot prices, the volatility of BTC and ETH remained more bearish than bullish before October, which contrasts with the general optimism. QCP analysis suggests that this may indicate that the market is fully prepared for this uptrend and is quickly profiting by selling call options. With the recent gradual decrease in volatility, QCP Asia predicts that Bitcoin may fluctuate within the range of $62000-67000 in the short term. Based on current market trends, QCP recommends investors consider implementing a long strategy for the fourth quarter.