Best Time To Buy Longs In Bitcoin (BTC) and Ethereum (ETH): QCP Capital

by

As a researcher with a background in cryptocurrency markets, I’ve seen my fair share of market volatility and price swings. The recent consolidation of Bitcoin and Ethereum prices near their yearly highs has raised some questions for me. On the one hand, the post-halving performance of these digital assets has been impressive, but the current market conditions have led some to wonder if this is just a pause in a longer-term bull run or if the market has lost faith.

As a crypto investor, I’d interpret QCP Capital’s recommendation as follows: “If you share my bullish outlook on Bitcoin and Ethereum, this market consolidation might present an excellent opportunity for buying more of these cryptocurrencies at potentially lower prices.”

The prices of Bitcoin and Ethereum are currently holding steady around the $63,000 and $3,100 thresholds respectively, positioning themselves for potential significant gains in 2021. According to Santiment’s data, an increasing number of active Bitcoin wallets have emerged despite the volatile market conditions.

Bitcoin and Ethereum Fall Raises Questions

As a researcher studying the cryptocurrency market, I’ve observed that the post-halving price trends of Bitcoin (BTC) and Ethereum (ETH) have sparked intrigue regarding the current sentiment towards these digital assets. Some observers question whether this is an indication of waning confidence in the market or simply a brief interruption in the ongoing bull runs.

As a researcher at QCP Capital, I’ve observed a significant compression in the volumes of Bitcoin and Ethereum options lately. In the past week alone, intense selling of Bitcoin options has led to a dramatic collapse of the volatility curve, with Bitcoin option volatility decreasing from 70% to 50%. This trend suggests that the market may be consolidating, and if you’re considering entering long positions in Bitcoin and Ethereum, this could be an opportune moment.

From my perspective as an analyst, on the contrary, the negative skew in Ethereum (ETH) risk reversals has decreased significantly to -13%, as reported by QCP Capital. This decline could be attributed to recent speculation surrounding the SEC’s potential denial or further delay of a spot Ether Exchange-Traded Fund (ETF). According to my sources, the SEC and its staff have been unresponsive to the spot Ether ETF proposal and its implications. Four individuals involved in the discussions confirmed that the conversations were one-sided.

Hong Kong’s Spot Bitcoin and Ether ETF Going Live

As an analyst, I would interpret this news item as follows: Starting from April 30, Bitcoin and Ether Exchange-Traded Funds (ETFs) will commence trading in Hong Kong. According to QCP Capital, this development could serve as a significant positive catalyst next week. With the Hong Kong financial sector now joining the ranks of other major financial markets such as the U.S. and Europe in investing in spot Bitcoin ETFs, we can expect increased interest and demand for these digital assets.

Experts anticipate a response from the market akin to the US experience, marked by significant purchases from institutional investors. The increasing interest suggests that this could pave the way for substantial investment from Asian institutional players, according to QCP Capital.

“QCP Capital proposes two strategies, BTC Accumulator and ETH Accumulator, suitable for options traders. These involve making weekly purchases of Bitcoin and Ethereum at discounts below their current market prices.”

Best Time To Buy Longs In Bitcoin (BTC) and Ethereum (ETH): QCP Capital

I’ve analyzed the cryptocurrency market trends over the last 24 hours, and I noticed that Bitcoin’s (BTC) price has seen a decrease of around 2%, causing it to trade below $63,000. On the other hand, Ethereum (ETH) experienced a decline of more than 1% in the same timeframe, with its current trading price being around $3,116.

Read More

2024-04-27 14:52