ChainCatcher News: QCP Capital Weekly Market Analysis

This week's focus was the Trump-Harris debate, with Harris securing Taylor Swift's support. Polymarket data suggests her chances of winning are slightly above 50%.

The CPI data came in as expected (2.5%), but the PPI was slightly lower than anticipated (2.4%). The market remains split 50/50 on the probability of a 25 or 50 basis point rate cut.

BTC ETFs saw an influx of funds, with MicroStrategy adding 18,300 BTC to its holdings, bringing its total to 244,800 BTC. The options market saw renewed interest in ETH, with over 20,000 contracts purchased.

Trading Recommendations:

Despite short-term uncertainty and potential pullbacks, QCP recommends locking in profits before a rate cut and preparing for a bullish scenario.