QCP Capital: Funds are flowing into BTC call options after recent decline
QCP Capital: Funding after recent declines Golden Finance reported that the better-than-expected U.S. jobs data released last Friday dampened hopes of a September rate cut by the Federal Reserve, and the prices of Bitcoin and Ethereum fell. QCP Capital said that the recent decline in Bitcoin and Ethereum after the report created a "buy on the dip" opportunity. While other central banks are reducing borrowing costs, the Federal Reserve will find it difficult to maintain high interest rates as the market will increasingly digest the impact of at least one rate cut by the Federal Reserve. As the rest of the world continues to cut interest rates, it will be difficult for the United States to ignore this. QCP Capital added that its trading department has seen bullish capital flows during this decline, both from sellers of aggressive put options and buyers of bullish spreads, especially BTC call options. Inflows into BTC call options
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