According to Wu, QCP Capital pointed out in its latest market report that the fourth BTC halving was completed in the morning of April 19 in Asia. Although the spot price rose slightly over the weekend, the overall change was not significant. According to historical patterns, the spot price may increase exponentially within 50-100 days after the halving, providing an opportunity to establish long positions.

The market observed continued large-scale buying of BTC call options, especially ERKO options, showing good risk-reward. In addition, ETH risk reversals normalized to over -4%, indicating possible short-term covering and resumption of leveraged longs.