QCP Capital‘s weekend analysis highlighted substantial inflows into BTC and ETH spot ETFs. Over a two-day period, BTC ETFs saw a net inflow of $250.30 million, while ETH ETFs recorded $8.10 million. This surge in capital helped fuel the upward momentum in cryptocurrency markets.

With no significant macroeconomic events expected until Friday’s PCE price report, QCP noted that crypto prices may take a breather, as the euphoria surrounding potential rate cuts begins to fade. The analysis also observed a notable decline in front-end BTC volatility, which dropped by six points from its peak the previous day.

Despite this, QCP sees opportunities for investors in BTC win-range options, particularly as October approaches—a month often referred to as “Uptober” due to historical gains in BTC. According to the latest metrics, BTC has already risen 6.87% as of mid-September 2024, with nine out of the last eleven Octobers showing significant gains for the leading cryptocurrency.

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