CoinVoice recently learned that QCP Capital posted on its official channel that given Bitcoin's strong upward trend since the US election, it believes that the target price of $100,000 to $120,000 may not be far away. As the market prepares for the next rise, it is important to pay attention to the following trends and risk factors:
- Implied volatility has been falling as many large players are preparing for it and selling call options on the rise. With each new high, the trading desk observed that the market was selling call options and buying put options to hedge the downside risk.
- The market is still highly leveraged, especially in altcoins, with a lot of leverage pushing perpetual funding rates (1 year) to 50-100%. So the risk of deleveraging could be quite large, especially for altcoins.
QCP Capital believes that the potential strength of BTC represents a systemic shift in the market in anticipation of Trump's return to the White House. His idea of launching a strategic BTC reserve and rotating from gold to BTC provides a strong bullish view that can keep BTC prices supported. [Original link]
