QCP Capital: The options market has seen a large amount of buying of call options in the past 24 hours

QCP Capital wrote that despite a wallet held by the German police transferring 500 BTC to Bitstamp and Kraken, suggesting an imminent sale, and a net outflow of $714 million from BTC ETFs last week, BTC still held at $65,000. The options market has observed a large number of purchases of December and March 90-100k call options in the past 24 hours, indicating that the market believes the bottom has been found and is preparing for a rebound that could last until 2025. QCP Capital recommends taking advantage of this period of consolidation to accumulate Bitcoin at a discount before the next round of gains.