Analysis: Option Market Optimistic About BTC Bullish Sentiment in Early Next Year
CryptoNewsTerminal Staff09 Sep, 2024
Analysis: Option Market Optimistic About BTC Bullish Sentiment in Early Next Year
Trading firm QCP Capital reported via Telegram, "Volatility is expected this week due to the Trump-Harris presidential debate and the US CPI numbers. Most options expiring in October are puts, indicating a downside bias. However, the long-term outlook is bullish, with a large build-up of interest in BTC call options expiring on March 28, 2025, with strikes at $85,000, $100,000, and $120,000."
