Global easing supports risk assets such as cryptocurrencies
QCP Capital analysts said that China's aggressive monetary measures, coupled with the Federal Reserve's recent 50 basis point rate cut, and the global easing trend may support risk assets including cryptocurrencies in the near future.
QCP Capital highlighted the growing positive sentiment in the derivatives market for Ethereum (ETH). Specifically, they observed a change in Ethereum options, where the front-end skew has shifted from puts to calls, indicating investors' expectations for price increases.
Ether implied volatility is 9% higher than Bitcoin, which shows that market sentiment is upward and expected volatility is higher.
