QCP Capital: Macro uncertainty dominates the crypto market on the eve of the presidential debate, BTC may experience large fluctuations

QCP Capital's latest report points out that macroeconomic uncertainty dominates the crypto market as the presidential debate is approaching, and the 30-day correlation between BTC and the MSCI World Stock Index has reached 0.6, close to a two-year high. The market saw a large amount of option buying with an expiration date of 11 days, with a total of 400 contracts and an exercise price of 57.5k. The options market suggests that by the end of the debate tomorrow, the spot price may fluctuate by more than 3.3% from the current 56.8k. The market will pay close attention to Harris's policy direction in her first debate, especially in contrast to Trump's clear position of lowering corporate taxes and raising tariffs, both of which are seen as inflation drivers. Although BTC is often considered a "Trump trade", if Harris expresses a positive attitude towards cryptocurrencies in the debate, it may bring unexpected reactions.