QCP

In the wake of the BTC spot ETFs, the most striking phenomenon has been the size and scale of the Basis trade. This year, selling the Spot-Forward Basis (i.e. buying spot and selling forward simultaneously to lock in the forward premium) has been a guaranteed-return, zero-downside strategy. In the most recent quarter, the Basis spread reached highs of over 40% p.a. Reach out to sales@qcp.capital for our latest Q3 Strategy Guide & CIO Commentary.

In the past few days, #BTC has experienced a remarkable rise of over 8%, surpassing the $73k mark, fueled by strong ETF inflows and shifting political dynamics. With swing states leaning towards a crypto-friendly candidate and significant economic indicators on the horizon, we’re at a critical juncture. As we await the NFP report and earnings from major tech firms, the big question remains: Will this momentum sustain for #BTC and the "Trump Trade," or are we poised for a market reversal? Read the full analysis here: https://lnkd.in/gppJDDTk

Bitcoin has broken the $70k barrier for the first time in over seven months, surging 3.5% thanks to nearly $1 billion in spot ETF inflows last week. This bullish sentiment extends to crypto equities, with miners like Core Scientific (CROZ) rising 6.2% following a Jefferies upgrade to ‘buy.' Notably, Emory University has made headlines as the first endowment fund to invest $15 million in Grayscale Bitcoin Mini Trust, highlighting the increasing interest in digital assets among traditional funds. With rising expectations around a potential Trump victory boosting both stocks and Bitcoin, we believe BTC is well-positioned for medium-term gains. How do we gear up for a potential upside? Read our article for more: https://lnkd.in/gYurFBBN #Cryptomarket #Bitcoin #DigitalAssets #Blockchain #CryptoETFs #Election2024

Trump’s recent appearance on the Joe Rogan Experience has turned heads, with over 32 million views, boosting his election odds and sparking renewed interest in BTC’s market dynamics. Yet, while October typically drives robust gains for BTC, it’s lagging this year with just an 8% uptick. Will BTC defy the odds and push past $70k as election day approaches? Alongside open interest reaching new heights, it’s shaping up to be a pivotal week. Read on about what could drive BTC’s next big move here: https://lnkd.in/ggMTCtCK #BTC #Uptober #Election

This past week saw a rollercoaster of action in the crypto market, with BTC retesting its July high of $69,500 before finding support at $65,000 and settling into a consolidation pattern. Notably, institutional interest remains strong with BTC ETF inflows hitting $997.7 million—our third consecutive week of positive flow. Bitcoin dominance also climbed, reaching 59.75%, while ETHBTC hit a new low. Meanwhile, USDT faced brief turbulence after news of a U.S. investigation, but Tether has refuted the claims, and USDT has since recovered. Geopolitical tensions impacted global markets, with the DJIA, S&P, and BTC all dipping on Friday. As we look forward to the upcoming non-farm payroll data, the market’s expecting a 95.1% likelihood of a 25 bps Fed rate cut in November - next week’s data may give us further insights into the Fed’s next moves. Read our full analysis here: https://lnkd.in/grnugjnV #BTC #ETH #crypto

With just two weeks until the US elections, the market is buzzing with anticipation. Trump's rising lead and shifting swing state dynamics are prompting significant movements across financial markets, impacting everything from the USD to cryptocurrency. As the S&P 500 approaches all-time highs and BTC nears $69k, investors are closely watching the upcoming NFP report. This data could be pivotal for understanding the Fed's next moves on interest rates and overall market direction. What implications could these developments have for your investment strategy? Read the full analysis here: https://lnkd.in/gVfJuAvz

Markets are bracing for a volatile election: While BTC skews towards bullish calls despite trading 8% below its peak, the S&P 500 hedges with put protection ahead of a potential 1.8% post-election swing. With a historically high 0.83 equities-crypto correlation and differing option market positioning, could we be on the brink of a tipping point? As equities face a zero-sum scenario, capital may flow into crypto where both candidates signal a friendlier future. Find out how to navigate the upcoming market volatility here: https://lnkd.in/gUXu9rTk

This weekend, ETH rallied 2% during low liquidity hours, catching up to $BTC’s momentum. Even though ETH outperformed BTC last week (11% vs 9.6% gains), it’s still trailing BTC this "Uptober" (4% vs 8%). Both are nearing key resistance—$70k for BTC and $2800 for ETH—which could spark major retail interest. With the US elections 15 days away and equities strong, market sentiment leans bullish. Expect some sideways action until Thursday’s PMI numbers, which may offer clues on the Fed’s rate path. Read the full analysis here: https://lnkd.in/gYdNwvFa #BTC #ETH #Elections

Is Bitcoin on the verge of breaking $70,000? This week, BTC rallied 10.48% to a high of $69,000, bringing the $70,000 psychological level into focus. With no major macro headwinds expected next week, the key question is—will this momentum continue? Institutional demand remains robust: BTC ETFs saw substantial inflows throughout the week, closing Friday with $203.3 million in inflows and a 6-day winning streak. The consistent demand signals growing confidence from institutional investors. Following the SEC's approval of BTC ETF options to be listed on the NYSE, the added liquidity could further sustain these inflows. Bitcoin dominance reaches 58%: This multiyear high, last seen in April 2021, suggests that BTC is approaching key resistance at 60%. A breakout here could pave the way for a strong recovery in L1 coins. Macro factors to watch: Japan’s inflation remains weak at 2.5%, down from 3.0%, and with the BOJ unlikely to raise rates soon, the USD/JPY rally continues. US equities are close to all-time highs, and with the yen weakening, risk-on sentiment could gain strength as we approach the US election, potentially benefiting risk assets like crypto. Read our full analysis and stay ahead of the latest trends: https://lnkd.in/g2___vJu

Yesterday evening, BTC rallied 2.20%, briefly reclaiming the $68,000 mark, fueled by strong spot demand and significant long-dated options activity. With a remarkable $456.90 million inflow into BTC spot ETFs over the last four days, optimism is palpable as we inch closer to the all-time high of $73,790. However, the upcoming US election could be a game changer. As market sentiment shifts, options expiring around this time are trading at a 10% premium, reflecting the uncertainty and potential volatility ahead. What will drive Bitcoin's price post-election? Read the full analysis: https://lnkd.in/ghKCwSKQ