QCP Capital: Bitcoin options front-end volatility drops by 6%, market may take a brief respite

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Bitget2024/09/21 07:34

BlockBeats reports that on September 21, QCP Capital released a daily report stating that cryptocurrency rose for the third consecutive day yesterday, with BTC testing $64,000 again and ETH returning to $2,500.

This rise was supported by strong capital inflows into BTC and ETH spot ETFs. Over the past two days, the net inflow of BTC ETFs was $250.3 million while that of ETH ETFs was $8.1 million.

Since there are no significant macroeconomic events happening before this Friday apart from the upcoming PCE price report, as enthusiasm for rate cuts gradually fades away, cryptocurrency prices may take a breather here. As of this morning, BTC has fallen below $63,000.

In terms of options, front-end BTC volatility has dropped 6 points from yesterday's peak as market adjusts to policy normalization path and volatility continues to decline.

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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