According to BlockBeats, QCP Capital released a research report on November 11, stating that Bitcoin surged to an all-time high, but due to large-scale profit-taking on long-term call options, volatility did not significantly respond.
Bitcoin has broken through key resistance levels, and the market is in an ecstatic state. The perpetual contract financing rate is high, with basis returns reaching a seven-month high. Despite maintaining a bullish outlook, caution is advised regarding leveraged liquidation pullbacks.
In the short term, the spot market may experience fluctuations with reduced volatility. Key events include the US CPI, PPI, and Powell's speech, which will provide guidance for a rate cut in December.
