According to ChainCatcher, QCP Capital has advised investors to adopt defensive strategies during the third quarter in response to anticipated market volatility. In its latest report, QCP Capital highlighted that momentum traders leveraging positions and corporate buybacks have propelled the stock market upward—a trend that could potentially extend to the cryptocurrency market, driving up Bitcoin prices.

The upcoming U.S. election has become a focal point, with the Bitcoin options market showing bearish sentiment ahead of the election. The volatility spread before and after the election stands at 6 percentage points. Market dynamics are further complicated by differing political stances, with Republicans favoring the end of cryptocurrency regulations, while Democrats remain more conservative.

Given these factors, QCP Capital recommends that investors focus on defensive strategies aimed at achieving high yields while minimizing downside risks in the third quarter.