QCP Capital: Market momentum is accumulating, investors are increasing their holdings of year-end call options

BlockBeats news, on September 12th, QCP Capital's latest report stated that the US CPI data released last night met expectations, with core CPI slightly rising to 0.3% month on month, higher than the estimated 0.2%. This increases the probability of the Federal Reserve cutting interest rates by 25 basis points to 85%, the highest level in a month. In the cryptocurrency market, BTC rebounded from its intraday low and rose back to $57000, demonstrating strong demand and increasing market sentiment. Option activities reflect this, as more and more investors are buying call options that expire between October and December. This week, due to the release of CPI data and the impact of presidential debates, BTC volatility decreased by 12 points. Due to the absence of major macro events in the near future, we expect volatility to continue to decline before next week's Federal Reserve meeting. Given the upcoming interest rate cuts and significant economic positive events such as the US presidential election, the market is accumulating momentum.