QCP Capital: Strong Demand For Bitcoin Call Options Ahead of Donald Trump Speech
CryptoNewsTerminal Staff26 Jul, 2024
QCP Capital: Strong Demand For Bitcoin Call Options Ahead of Donald Trump Speech
QCP Capital, a Singapore-based crypto trading firm, noted in its official Telegram channel that "The options market this week saw a greater focus on BTC than ETH despite the launch of physical ETF trading for ETH. Ahead of former U.S. President Donald Trump's speech at the Bitcoin 2024 conference on Sunday and the Federal Open Market Committee (FOMC) meeting, there has been large fund demand for BTC call options expiring on Aug. 2. Short-term option BTC implied volatility (IV) has also expanded significantly.