QCP Capital: Bitcoin Options Front-End Volatility Drops 6%, Market May Take a Breather
English Translation:
Golden Finance reported that QCP Capital released a daily report stating that cryptocurrencies rose for the third consecutive day yesterday, with BTC testing $64,000 again and ETH returning to $2,500.
This surge was supported by strong capital inflows into BTC and ETH spot ETFs. Over the past two days, BTC ETFs recorded a net inflow of $2.503 billion, while ETH ETFs saw a net inflow of $8.1 million.
With no major macroeconomic events scheduled before Friday, apart from the upcoming PCE price report, crypto prices may take a breather here as enthusiasm for rate cuts subsides. As of this morning, BTC has fallen below $63,000.
On the options front, front-end BTC volatility has dropped 6 points from yesterday's peak, continuing to decline as the market adjusts to the path of policy normalization.