According to BlockBeats, on July 19, QCP Capital posted on its official channel that futures funds have returned to normal, volatility has gradually decreased, and BTC has returned to the familiar range of 61,000 to 71,000, within which Bitcoin fluctuated in the second quarter of this year.
QCP Capital predicts that the market will bet on a breakout in the run-up to the U.S. election. Despite the lower overnight spot prices, there is still strong institutional interest in the December $100,000 call option.
This signals stronger confidence in a year-end rebound as the likelihood of a Trump victory increases.
