QCP Capital: Market momentum is building, investors are increasing their holdings of year-end expiring call options

Mars Finance News, QCP Capital's latest report pointed out that the US CPI data released last night was in line with expectations, and the core CPI rose slightly to 0.3% month-on-month, higher than the estimated 0.2%. This has increased the probability of the Fed's interest rate cut by 25 basis points to 85%, the highest level in a month. In the crypto market, BTC rebounded from its intraday low and re-entered $57,000, showing strong demand and increasingly bullish market sentiment. This is reflected in option activity, with more and more investors buying call options expiring in October to December. This week, BTC volatility fell by 12 points due to the release of CPI data and the presidential debate. In the absence of major macro events in the near future, we expect volatility to continue to fall before the Fed meeting next week. The market is gathering momentum in light of significant economic positive events such as the upcoming rate cut and the US presidential election.