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Asia Colour

Asia Colour

QCP CapitalQCP Capital2024/09/12 18:42
By:Elisha

Last night’s US CPI data matched expectations, with core CPI rising slightly to 0.3% m/m, above the 0.2% estimate. This increased the probability of a 25bps Fed rate cut to 85%, the highest in a month.

In crypto, BTC rebounded from intra-day losses to reclaim $57,000, signaling strong demand an increasingly bullish outlook. Options activity reflects this, with growing demand for Calls with Oct-Dec expiries.

BTC volatility dropped 12 points this week, driven by the CPI release and the presidential debate. With no major macro events in the near term, we expect vols to drift lower ahead of next week’s FOMC meeting.

Trade Idea

Given the bullish economic events on the horizon, the market is gaining momentum with the upcoming rate cut and US Presidential Election.

Election Ticket

Get 180% payout of your principal deployment if BTC fixes between 70k-80k on 8-Nov. Receive 80% back otherwise.

  • Maturity: 8 Nov
  • Range: $70,000 to $80,000 BTC/USD
  • Payout: 180%
  • Max Loss: 20%
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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