QCP 资本指出，杰克逊霍尔会议后，市场积极买入看涨期权价差，同时在 100k 附近、2025 年 3 月到期的看涨期权上出现大量抛售，显示市场看涨但不预期短期内有大幅波动。尽管现货价格上涨，BTC 和 ETH 的波动率仍然偏向看跌期权，可能表明市场提前布局并迅速通过卖出看涨期权获利。BTC 短期内将在 62k 至 67k 区间震荡。本周关注 NVIDIA 财报和美国 PCE 数据，预计不会有意外...

<div>QCP 资本指出，杰克逊霍尔会议后，市场积极买入看涨期权价差，同时在 100k 附近、2025 年 3 月到期的看涨期权上出现大量抛售，显示市场看涨但不预期短期内有大幅波动。尽管现货价格上涨，BTC 和 ETH 的波动率仍然偏向看跌期权，可能表明市场提前布局并迅速通过卖出看涨期权获利。BTC 短期内将在 62k 至 67k 区间震荡。本周关注 NVIDIA 财报和美国 PCE 数据，预计不会有意外。<br><br></div>

QCP 资本：市场看涨但不预期短期内有大幅波动

QCP Capital pointed out that after the Jackson Hole meeting, the market actively bought call option spreads, and there was a large amount of selling on call options with a strike price around 100k and a maturity in March 2025, indicating that the market is bullish but does not expect significant volatility in the short term. Although the spot price has risen, the volatility of BTC and ETH is still biased towards put options, which may indicate that the market has pre-positioned and quickly profited by selling call options. BTC will fluctuate in the range of 62k to 67k in the short term. This week, focus will be on NVIDIA's earnings report and the US PCE data, which are not expected to have any surprises.

<div>QCP Capital pointed out that after the Jackson Hole meeting, the market actively bought call option spreads, and there was a large amount of selling on call options expiring in March 2025 near 100k, indicating that the market is bullish but does not expect large fluctuations in the short term. Despite the increase in spot prices, the volatility of BTC and ETH still favors put options, which may indicate that the market is positioned in advance and quickly profits by selling call options. BTC will fluctuate in the range of 62k to 67k in the short term. This week, pay attention to NVIDIA&#39;s financial report and US PCE data, and no surprises are expected.<br><br></div>

QCP Capital: Market bullish but no major volatility expected in the short term

Market Overview
Since the 3rd quarter, the assets that have performed relatively well are RUT (Russell 2000 Index), XAUUSD (Gold Price), SPF (Financials), and US Treasuries, while the assets that have performed relatively poorly are Ethereum, crude oil, and the US dollar. BTC has remained relatively flat, as has the Nasdaq 100.

For the US stock market, the current market is still in a bull market, and the main trend is still upward. However, in the last few months of the year, the trading environment will lack performance-driven themes, and the upside and downside potential of the market will be limited. The market has been continuously revising down its Q3 earnings expectations.

Recently, valuations have pulled back, but the rebound has also been very quick, with a P/E ratio of 21 still being quite high...

Cycle Capital: optimistic but neutral about the market in the rest of the year

Cosmos Foundation Controversy Shows Value of BORGs

On August 24, it was reported that the Ethereum Foundation deposited 35,000 ETH (approximately $94.07 million) into Kraken. The last time ETH was transferred to Kraken was on May 6 of last year, when 15,000 ETH (approximately $30.1 million) was transferred, and the ETH price fell 13% in the following 6 days.

This transfer operation has raised concerns in the cryptocurrency community. Regarding this, Aya Miyaguchi, the Executive Director of the Ethereum Foundation, stated: "This is part of the Ethereum Foundation's treasury management activities..."