QCP analysis points out that cryptocurrencies rose for the third consecutive day yesterday, with BTC testing $64,000 again and ETH returning to $2,500. The rise was supported by strong inflows into BTC and ETH spot ETFs. Over the past two days, the BTC ETF recorded a net inflow of $250.3 million, while the ETH ETF had a net inflow of $8.1 million. With no major macroeconomic events happening before this Friday, aside from the upcoming PCE price report, cryptocurrency prices may take a breather here as enthusiasm for rate cuts fades. On the options side, front-end BTC volatility is down 6 points from yesterday's peak, and volatility continues to decline as the market adjusts to the path of policy normalization.
QCP Capital: Bitcoin options front-end volatility drops 6%, market may take a breather
This article is machine translated
Show original
Sector:
Source
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.
Like
Add to Favorites
Comments
Share
Relevant content