QCP Capital: Macro uncertainty in the encryption market before the presidential debate rises, optimistic about Q4BTC trend

robot
Abstract generation in progress

Odaily Star Daily News QCP Capital's latest report pointed out that macro uncertainty dominates the crypto market on the eve of the US presidential debate. The 30-day correlation between BTC and the MSCI World Stock Index reached 0.6, close to a two-year high. The options market shows that the options trading expiring on September 11 is active, and 400 contracts with a strike price of $57,500 were traded. The market expects that BTC prices may experience fluctuations of more than 3.3% after the debate. QCP Capital believes that the market will closely follow Kamala Harris's policy stance in the first debate, especially the inflation policies that contrast with Trump's drop in corporate taxes and higher tariffs. Although BTC is usually seen as a Trump trade, if Harris actively mentions crypto assets in the campaign, it may bring unexpected surprises. After the BTC Spot ETF fund flow turned positive, QCP Capital reiterated its structural bullish position in the fourth quarter. They suggest obtaining stable returns at current price levels while maintaining upward space.

BTC-1.09%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)