[QCP Capital: Market momentum is building, and investors are increasing their holdings of call options expiring at the end of the year] Golden Finance reported that QCP Capital’s latest report pointed out that the U.S. CPI data released last night was in line with expectations, and the core CPI rose slightly to 0.3% month-on-month, higher than 0.2% of estimates. That raised the probability of a 25 basis point rate cut by the Fed to 85%, the highest level in a month. In the crypto market, BTC rebounded from the day’s lows to regain ground above $57,000, showing strong demand and increasingly bullish market sentiment. Options activity reflects this, with more investors buying call options expiring between October and December. This week, BTC volatility fell by 12 points amid the CPI data release and the presidential debate. With no major macro events in the near future, we expect volatility to continue lower ahead of next week's Fed meeting. Markets are gathering momentum given significant economic positive events such as upcoming interest rate cuts and the U.S. presidential election.

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