QCP: U.S. Election Week Approaches, Short-term Implied Volatility of BTC and ETH Remains High

Odaily Planet Daily News QCP Capital released a weekend summary report, indicating that Thursday's core PCE data was slightly higher than expected, while Friday's non-farm payroll data unexpectedly declined, leading to a rebound in the dollar index, recovering to the 104 level. This week, the net inflow of BTC exceeded 2.1 billion dollars. BlackRock's IBIT saw a single-day net inflow of 872 million dollars, the largest single-day net inflow since its launch in January. Although Bitcoin fell below 69,000 dollars on Friday, market interest remains strong, with total open interest in BTC futures and BTC options maintaining high levels of 40.65 billion dollars and 25.3 billion dollars, respectively. While Trump is favored to become the next U.S. president, the betting odds on Trump have significantly decreased from a peak of 66% on Polymarket to 57% and 43%. In the upcoming election week, the short-term implied volatility of BTC and ETH remains high (above 72 volatility units), as traders increase their efforts for downside protection, leading to a rising skew in put options.