QCP: BTC rose ~2.6% in thin holiday trading, driven by spot and perpetual buying rather than liquidations. Post-expiry positioning shows elevated perpetual funding, suggesting upside gamma risk if BTC sustains above ~$94k. Downside hedging has eased, but with open interest sharply lower, conviction remains weak and direction likely awaits a return of liquidity. t.me/QCPbroadcast/1530…
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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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