QCP Capital Reports Increased Demand for September $130,000 Bitcoin Calls
QCP Capital reports that the options market indicates large players are positioning for Bitcoin to reach $130,000 by the end of Q3, despite its current price around $105,000.
Key Points
- Increased risk appetite in equities may influence Bitcoin movements, with job openings rising and the S&P 500 approaching 6,000.
- September $130K calls saw significant interest at 47 vol, indicating bullish sentiment heading into Q3.
- Current market conditions show low volatility, leading traders to buy long-dated options while selling short-dated ones.
- Potential macroeconomic risks include tariff tensions and U.S. debt issues, which could introduce volatility.
- China's bond futures volumes are at a low, reflecting broader risk aversion in the market.
- Bitcoin has remained stable at $105,000 with light open interest and compressed realized volatility.
- Analysts note the growing optimism in the options market contrasts with spot market stagnation.
- If payroll data is weak or tariff negotiations worsen, Bitcoin could regain its appeal as a hedge against uncertainty.
As of now, BTC is trading at $104,648.
