According to TechFlow, QCP Capital's latest report pointed out that despite a number of positive news this week, such as Microstrategy's purchase of 11,931 BTC (about US$786 million), Arthur Hayes' macro bullish view and Michael Dell's tweet about BTC, the price of Bitcoin remained weak and fell below US$61,000 at one point.
Volatility markets suggest that Bitcoin prices may be limited in the short term, but are expected to rise explosively before the end of the year. QCP Capital observed a large number of call options expiring within 1 month being sold, while call options expiring from September to December were actively bought.
In addition, ETH's bullish sentiment continues, ETH volatility is 18% higher than BTC, and ETH spot ETF is expected to be launched soon. QCP Capital recommends taking advantage of ETH volatility premium and obtaining high returns in the summer through ETH CFCC trading strategy.
