QCP Capital: Spot BTC continues to hit new highs, but the options market seems to still be bearish

Odaily reported that QCP Capital published an analysis stating that it is becoming increasingly difficult to find reasons to be bearish on the spot price of . However, the options market is issuing a warning that even if the spot continues to hit new highs, the market is still biased towards put options, perhaps indicating that people are more inclined to hedge rather than actively chase the uptrend. VanEck forecasts that the cryptocurrency market will reach a "mid-term" peak in the first quarter of 2025, driven by the sustained bullish sentiment, with a target price of $180,000 for . More optimistically, the Financial Accounting Standards Board (FASB) has adopted fair value accounting to account for and other digital assets, allowing companies to directly reflect fair value gains in their net income - this is a game-changing factor for the financial performance of companies holding . In a supportive regulatory environment, this could trigger a cross-asset feedback loop, where companies holding will find it easier to raise funds, potentially stimulating institutional demand for in a non-linear way.