TechFlow news, according to a recent report by QCP Capital, the cryptocurrency market has stabilized after last week's volatility, but implied volatility remains elevated. The market appears to be preparing for key events this week, particularly the Trump-Harris debate (9:00 AM Beijing time, September 11) and the CPI data release (8:30 PM Beijing time, September 11).
Given the pace of last week's price decline, the market remains cautious toward downside risks, with BTC and ETH risk reversals skewed toward put options through October. Nevertheless, QCP Capital maintains a structurally bullish stance despite near-term noise and price fluctuations.
The market also seems to be using this pullback to build longer-term bullish positions. The firm observed large buyers purchasing call options expiring on March 28, 2025 (with strike prices at $85K, $100K, and $120K).
QCP Capital views the rebound from $52.5K as encouraging, noting that some institutions appear to believe the bottom has been reached, increasing their bullish bets in December and March contracts.
