Grayscale applied to the SEC for the public offering in time, and there are statements that talks about tariffs are continuing. BTC lingered at 122 thousand dollars, ETH again exceeded the threshold of $ 3,000 again. QCP Capital’s report on July 14 focuses on current situations and expectations in the markets. Let’s take a look at the analysts’ predictions.
Crypto Money Report
BTC Price During the discovery stage and the QCP report, “there is no sign of fatigue”. In the previous cycles, we witnessed that the price went through a similar stage as the price was moving to the real summit. Corporate demand is strong and negative developments on the macro front does not care for the price.
“Bitcoin
$121,394.05‘s uninterrupted rise, acceleration by gaining $ 122,000, while exceeding, does not show signs of fatigue. The market seems to underestimate the power of this parabolic movement with the effect of a decisive technical break and the sharp increase in institutional demand. The crypto fear and greed index increased from 40 to 70 in just three weeks, showing a dramatic change and turned market sensitivity from fear to greed.
Corporate appetite is strong last week Spot BTC ETFhas been proven by the realization of more than $ 2 billion of net inputs. This is a clear sign of increasing participation. In the derivative markets, we observe a strong increase in leveraged long positions.
While perpetual funding rates approached 30 %, the total open position (OI) exceeded $ 43 billion. These levels were last seen in the period when BTC won $ 100,000 in January. ”
Although it triggers a great excitement for investors, BTC has only increased by 15 %since last week. Since the TKL pointed to 125 thousand dollars in the short term, this scenario was the expected scenario and the hill dot was tested quickly.
What will happen in crypto currencies?
This week, US inflation data will come and see the explanations of the FED members. The key date related to tariffs has been shifted. Now we need to see an agreement until August 1. If there is no agreement on this date Your crypto coins The attitude of indifference will have to face the painful reality.
In the QCP report, analysts draw attention to uncertainty for the short -term summit.
“BTCThe short -term ceiling remains uncertain because it is watching in an unknown region.
Nevertheless, the option market offers useful tips on positioning and sensitivity. While the spot prices continued to rise, implied volatility did not rise typically during sharp corrections. The front -end volatility increased as expected, but remained below the average levels seen last year.
This may reflect that market dynamics mature and the same thing Eth can also be said to. Another point is that it may be preferred to express the direction of investors through continuous term transactions instead of options due to the high option costs in fast -moving markets.
One -month risk reverse reversal shows that there is no urgency for short -term upward positions, relatively constant. On the other hand, September and December Risk Reversal Ranies continue to show strong demand for Call options. This may indicate the preference of protection against short -term volatility while maintaining long -term rise expectation.
This cautiousness, especially the high funding rates, and the translation of long positions of $ 2 billion in February may be right because it is still fresh in memory.
With the support of the ongoing entrances of corporate investors and macroeconomic winds BTC We maintain our structural rise expectation. However, we prefer to be selective at the current levels and we avoid following the rally to get a position in case of withdrawal. ”
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
