TechFlow news, according to the latest QCP analysis, despite recent market sell-offs, the options market remains skewed toward upside, indicating continued expectations for a year-end rebound. This aligns with trading desks observing significant buying interest in long-dated options at 100k and 120k strike prices. Looking ahead, due to lingering uncertainty around Mt. Gox supply releases, Bitcoin’s performance is expected to remain muted throughout the third quarter.
Additionally, although U.S. equities hit new highs after Powell stated that the U.S. economy is progressing along its inflation path, this optimism has not spilled over into Bitcoin and Ethereum, which are currently hovering just above 60k and 3,300 respectively. QCP suggests earning an annualized yield of 15% by holding Bitcoin while awaiting clarity on the Mt. Gox supply situation.
