{"id":14519,"date":"2024-06-20T10:03:27","date_gmt":"2024-06-20T07:03:27","guid":{"rendered":"https:\/\/forklog.com\/en\/qcp-capital-options-market-bets-on-ethereums-rise-to-4800\/"},"modified":"2024-06-20T10:03:27","modified_gmt":"2024-06-20T07:03:27","slug":"qcp-capital-options-market-bets-on-ethereums-rise-to-4800","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/qcp-capital-options-market-bets-on-ethereums-rise-to-4800\/","title":{"rendered":"QCP Capital: Options Market Bets on Ethereum&#8217;s Rise to $4800"},"content":{"rendered":"<p>Despite uncertainties surrounding the approval timeline for an ETH-ETF, a demand capturing 10-20% of inflows into BTC-ETF could push Ethereum&#8217;s price past $4000, with a subsequent rise to $4800. This scenario is reflected in the options market, according to QCP Capital.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">QCP: Despite uncertainty around the reception of the ETH ETF, capturing 10-20% of Bitcoin ETF flows could propel ETH above 4,000, nearing its peak of 4,800. The options market has also reflected this optimism, with the desk observing heavy buying activity of top-side calls across\u2026<\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1803491699651698864?ref_src=twsrc%5Etfw\">June 19, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Experts noted active purchases of calls with strike prices in the specified range and an increase in implied volatility.<\/p>\n<p>According to analysts, bullish sentiment is supported by two events:<\/p>\n<ol class=\"wp-block-list\">\n<li>The <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> concluded its investigation into Ethereum 2.0, ruling out the recognition of ETH sales as securities transactions.<\/li>\n<li>Reportedly, potential issuers of spot exchange-traded funds received comments from the agency and intend to respond this week.<\/li>\n<\/ol>\n<p>On June 15, Bloomberg analyst Eric Balchunas predicted the launch date of the instrument would be postponed to July 2.<\/p>\n<p>Two days earlier, SEC Chairman Gary Gensler noted that he expects the bureaucratic procedures for the start of ETH-ETF trading to be completed by the end of the summer.<\/p>\n<p>According to CryptoQuant CEO Ki Young Ju, an early altcoin season is approaching.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We&#8217;re entering early alt season.<a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> MVRV is rising faster than BTC MVRV, suggesting ETH market is heating up relative to its on-chain fundamentals.<\/p>\n<p>Given the current ETF situation, this might be an ETH-only season. Historically, when ETH surges, other alts tend to follow. <a href=\"https:\/\/t.co\/YHq5YzkBlD\">pic.twitter.com\/YHq5YzkBlD<\/a><\/p>\n<p>\u2014 Ki Young Ju (@ki_young_ju) <a href=\"https:\/\/twitter.com\/ki_young_ju\/status\/1803533050975793209?ref_src=twsrc%5Etfw\">June 19, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cETH MVRV is rising faster than BTC MVRV, indicating that the Ethereum market is heating up relative to its on-chain fundamentals. Given the current situation, this might be a season solely for the second-largest cryptocurrency by market cap. Historically, other altcoins tend to follow Ethereum,\u201d the expert commented.<\/p>\n<\/blockquote>\n<p>K33 Research estimated a net inflow into products of $3.1\u20134.8 billion in the first five months after trading began.<\/p>\n<p>Earlier, VanEck raised its Ethereum forecast for 2030 to $22,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite uncertainties surrounding the approval timeline for an ETH-ETF, a demand capturing 10-20% of inflows into BTC-ETF could push Ethereum&#8217;s price past $4000, with a subsequent rise to $4800. This scenario is reflected in the options market, according to QCP Capital. QCP: Despite uncertainty around the reception of the ETH ETF, capturing 10-20% of Bitcoin [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14518,"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":[1168,1205,46,1268,1326],"class_list":["post-14519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crypto-derivatives","tag-cryptoquant","tag-ethereum","tag-on-chain-analysis","tag-qcp-capital"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/14519","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=14519"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/14519\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/14518"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=14519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=14519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=14519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}