- QCP Capital foresaw a positive outlook for BTC as Options market increased.
- Expected Fed rate cuts could be another positive catalyst, per crypto exec.
After recent carnage and massive sell-offs, markets seem ready to extend recovery. Based on options market data, crypto trading firm QCP Capital projects a positive outlook for Bitcoin [BTC].
In its periodic update on Thursday, the firm stated it was bullish on the largest digital asset, as major funds were showing massive interest.
‘We remain bullish on #BTC as we see significant call buying in the Dec and March expiries. Major funds also continue to roll their Sep long call positions.’
For the unfamiliar, a surge in “long call” positions meant that the buying speculators expected the underlying asset, BTC, to rise by the expiration dates (September and December).
In short, it paints a bullish sentiment and likely BTC appreciation in Q3 and Q4.
BTC: No more macro risk?
After the massive BTC plunge to $49K on the 5th of August, the market stagnated on the 6th and 7th of August after a light rebound above $50K.
According to Quinn Thompson, founder of crypto hedge fund Lekker Capital, BTC surged to $60k on the 8th of August, as there were no sellers like the market expected.
“While many seeking a retesting of the lows, no sellers showed up wanting to do it, and enough time went by where the broader market just realized there were no sellers at those levels.”
The executive downplayed the recession fears and claimed that the upcoming Fed rate cuts were the next positive market catalyst.
“The recession was a Q2 event, and now the market is looking forward to its first rate cuts in 4 years next month while global central banks are back to coordinating easier policy again.”
Meanwhile, the demand for BTC has strengthened this week, especially from US investors, as shown by the Coinbase Premium Index, which rose from negative to positive.

Source: CryptoQuant
Low demand from U.S. investors has typically coincided with drawdowns for the largest digital asset. So, at the time of writing, the current strong demand meant that BTC appreciation and recovery could extend.
However, BTC has flashed some bearish signals, which could unnerve some investors and traders despite the expectation of further recovery.
- QCP Capital foresaw a positive outlook for BTC as Options market increased.
- Expected Fed rate cuts could be another positive catalyst, per crypto exec.
After recent carnage and massive sell-offs, markets seem ready to extend recovery. Based on options market data, crypto trading firm QCP Capital projects a positive outlook for Bitcoin [BTC].
In its periodic update on Thursday, the firm stated it was bullish on the largest digital asset, as major funds were showing massive interest.
‘We remain bullish on #BTC as we see significant call buying in the Dec and March expiries. Major funds also continue to roll their Sep long call positions.’
For the unfamiliar, a surge in “long call” positions meant that the buying speculators expected the underlying asset, BTC, to rise by the expiration dates (September and December).
In short, it paints a bullish sentiment and likely BTC appreciation in Q3 and Q4.
BTC: No more macro risk?
After the massive BTC plunge to $49K on the 5th of August, the market stagnated on the 6th and 7th of August after a light rebound above $50K.
According to Quinn Thompson, founder of crypto hedge fund Lekker Capital, BTC surged to $60k on the 8th of August, as there were no sellers like the market expected.
“While many seeking a retesting of the lows, no sellers showed up wanting to do it, and enough time went by where the broader market just realized there were no sellers at those levels.”
The executive downplayed the recession fears and claimed that the upcoming Fed rate cuts were the next positive market catalyst.
“The recession was a Q2 event, and now the market is looking forward to its first rate cuts in 4 years next month while global central banks are back to coordinating easier policy again.”
Meanwhile, the demand for BTC has strengthened this week, especially from US investors, as shown by the Coinbase Premium Index, which rose from negative to positive.

Source: CryptoQuant
Low demand from U.S. investors has typically coincided with drawdowns for the largest digital asset. So, at the time of writing, the current strong demand meant that BTC appreciation and recovery could extend.
However, BTC has flashed some bearish signals, which could unnerve some investors and traders despite the expectation of further recovery.
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