According to Wu, QCP Capital pointed out that after the Jackson Hole meeting, the market actively bought call option spreads, while there was a large amount of selling on call options expiring in March 2025 near 100k, indicating that the market is bullish but does not expect large fluctuations in the short term.
Despite the increase in spot prices, volatility for BTC and ETH remains skewed towards put options, possibly indicating that the market is positioning ahead of time and quickly taking profits by selling call options.
BTC will fluctuate between 62k and 67k in the short term. This week, we will focus on NVIDIA's financial report and US PCE data, and no surprises are expected.
