TechFlow news — On August 26, a new report from QCP Capital indicated that following the Jackson Hole symposium, there has been significant buying of bullish call spreads alongside heavy selling of call options expiring in March 2025 with a strike price of $100,000. This suggests strong bullish sentiment in the market, though without an expectation of explosive upside in the near term.
Despite rising spot prices, BTC and ETH volatility remains more bearish than bullish ahead of October, contrasting with widespread optimistic sentiment. QCP analysis suggests this may indicate the market has already priced in the current rally and is quickly locking in profits by selling call options.
With recent volatility gradually declining, QCP expects Bitcoin to trade sideways in the range of $62,000–$67,000 in the short term. Based on current market trends, QCP recommends investors consider positioning for bullish strategies heading into the fourth quarter.
