{"id":14114,"date":"2024-06-06T10:09:23","date_gmt":"2024-06-06T07:09:23","guid":{"rendered":"https:\/\/forklog.com\/en\/qcp-capital-bitcoin-options-market-bets-on-surge-to-74000\/"},"modified":"2024-06-06T10:09:23","modified_gmt":"2024-06-06T07:09:23","slug":"qcp-capital-bitcoin-options-market-bets-on-surge-to-74000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/qcp-capital-bitcoin-options-market-bets-on-surge-to-74000\/","title":{"rendered":"QCP Capital: Bitcoin Options Market Bets on Surge to $74,000"},"content":{"rendered":"<p>A surge in the purchase of bitcoin call options expiring at the end of June above $74,000 indicates heightened expectations for a &#8220;decisive breakthrough&#8221; of the historical peak. This conclusion was reached by QCP Capital, as reported by <a href=\"https:\/\/www.theblock.co\/post\/298613\/bitcoin-options-positioned-for-potential-price-breakout-above-74000-this-month\">The Block<\/a>.<\/p>\n<p>There is a concentration of calls at the $75,000 strike price.<\/p>\n<p>On June 5, the largest platform in the segment, Deribit, recorded the highest trading volume in options with a strike price of $80,000 (1723 contracts with a notional value of $123 million).<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1052.webp\" alt=\"1-1052\" class=\"wp-image-234217\"\/><figcaption class=\"wp-element-caption\">Data: Deribit.<\/figcaption><\/figure>\n<p>Analyst Neil Rorti from Stocklytics explained the positioning in the derivatives market by the acceleration of inflows into BTC-ETF.<\/p>\n<p>According to <a href=\"https:\/\/sosovalue.xyz\/assets\/etf\/us-btc-spot\">SoSoValue<\/a>, on April 4, inflows surged to $886.75 million \u2014 the second-highest in history. The next day, the pace slowed to $488.24 million, which is still significantly above the May-June average. The positive trend continued for 17 consecutive days, matching the record streak of January-February.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-805.webp\" alt=\"2-805\" class=\"wp-image-234218\"\/><figcaption class=\"wp-element-caption\">Data: SoSoValue.<\/figcaption><\/figure>\n<p>In Rorti&#8217;s view, the resilience of ETF inflows will determine the macroeconomic backdrop.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;The question now is whether these institutional investors will remain bullish. This will be closely tied to interest rates,&#8221;<\/em> commented the expert.<\/p>\n<\/blockquote>\n<p>Charles Edwards, founder of Capriole Investments, highlighted an &#8220;optimal signal&#8221; for buying digital gold in the &#8220;difficulty ribbon&#8221; indicator.<\/p>\n<p>Earlier, Glassnode recorded a renewed interest in bitcoin purchases.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A surge in the purchase of bitcoin call options expiring at the end of June above $74,000 indicates heightened expectations for a &#8220;decisive breakthrough&#8221; of the historical peak. This conclusion was reached by QCP Capital, as reported by The Block. There is a concentration of calls at the $75,000 strike price. On June 5, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14113,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1168,1146,1224,1326],"class_list":["post-14114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-derivatives","tag-cryptocurrency-market-forecasts","tag-macroeconomics","tag-qcp-capital"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/14114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=14114"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/14114\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/14113"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=14114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=14114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=14114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}