QCP: MicroStrategy's continued purchase may further support BTC price

Odaily Planet Daily News QCP Capital's article analyzes that the current typical end-of-quarter Volatility dumping is observed. Although BTC is consolidating near the bottom of the monthly range, BTC and ETH have performed well in the fourth quarter: BTC pumped 48%, ETH pumped 30%. However, it may be too early to summarize this quarter. Just yesterday, Michael Saylor hinted again at another round of purchases that may further support the price. Despite the possibility of another round of purchases, there is skepticism about any New Year's trend, especially in a well-funded situation. The average return rate in January (+3.3%) is relatively similar to that in December (+4.8%). It is expected that the Spot price will remain within this range in the short term, and then the situation will improve from February. The Options flow also reflects similar sentiment, with front-end Volatility decreasing. The reversal of risk is most optimistic for buying call Options in March. One reason is that a large number of call Options for March (120k-130k) were bought last Friday.

BTC-0.24%
ETH-2.97%
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