QCP: The volatility of the crypto market has increased after the decline, and the FOMC meeting and Token2049 have attracted market attention

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QCP noted that the second failed assassination attempt on Trump coupled with the liquidation of $70 million in long positions led to a decline in crypto markets. Unlike the rally after a similar event in July this year, there may be uncertainty this week, especially with the Token2049 event and the upcoming FOMC meeting. Market expectations for a 50 basis point rate cut rose to 59%, triggering increased volatility, with BTC and ETH's implied volatility rising 8% and 20% respectively on Friday.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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