QCP Capital Market Updates(0813)
It’s been a week since the sharp drawdown across markets. While the price recovery has been strong, BTC continues fighting to stay above 60k.
While the BTC put skew has normalised significantly from -25% during the panic to pre-washout levels at -5%, the market remains cautious in the near term with a BTC put skew out till September.
In the previous two sharp drawdowns this year (Apr and Jun), BTC recovered back above 70k in less than a month. With BlackRock consistently reporting positive inflows through the week, we expect continued liquidity and support from US investors.
Macro factors continue to be critical for the crypto markets. While Asian equity markets have been supported today, some potential volatility events to look out for are Elon Musk’s interview with Trump at 8pm ET and US CPI on Wednesday.
Trade Idea
BTC CFCC (1-Nov)
- Earn 20% pa weekly as long as spot price is above 47k.
- Strike: 47k
- Protection: 43k
- At expiry, only if spot price is below 43k, the USD deployed is converted to BTC at 47k.
- (BTC Spot Ref: 59,700)
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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