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QCP: BTC and ETH Implied Volatility Structure Releases Downward Expectations, Market Awaits Key Catalyst
Summary: In a recent report, QCP Capital stated that despite escalating risks in the Middle East, BTC prices continue to consolidate sideways, with investors remaining cautious and waiting for clear catalysts to emerge. The derivatives market is showing a more cautious tone: the risk reversal structure for BTC and ETH still indicates a preference for downside ...
In a recent report, QCP Capital stated that despite escalating risks in the Middle East, BTC prices continue to consolidate sideways, with investors remaining cautious and waiting for clear catalysts to emerge. The derivatives market is showing a more cautious tone: the risk reversal structure for BTC and ETH still indicates a preference for downside protection, suggesting longs are hedging their spot positions. Additionally, ETH's June at-the-money implied volatility is lower than the September contract, possibly reflecting a decrease in short-term event-driven volatility or some investors taking profits. QCP believes that although volatility is low, the market is in a 'waiting to erupt' state, with any macro events, policy changes, or sudden news having the potential to ignite significant volatility once again.
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Link: QCP: BTC and ETH Implied Volatility Structure Releases Downward Expectations, Market Awaits Key Catalyst [Copy]
