FameEX Hot Topics | QCP Capital Anticipates Crypto Volatility Amid Trump-Harris Debate

QCP Capital notes that the upcoming debate between former President Donald Trump and Vice President Kamala Harris could have a significant impact on the crypto market. Both are polarizing figures in U.S. politics, expected to influence price movements in the days leading up to the debate.

In its latest market report, QCP Capital highlights that while crypto prices have stabilized following a recent decline, implied volatility remains elevated. Traders are preparing for potential price swings ahead of two key events: the Trump-Harris debate on Sept. 10 and the U.S. Consumer Price Index (CPI) release on Sept. 11, 2024.

The CPI release, coming just one week before the Federal Reserve’s decision on the federal funds rate, could further shape market sentiment. QCP emphasizes the market’s cautious outlook, pointing to risk reversals in Bitcoin (BTC) and Ether (ETH), skewed toward puts, reflecting concerns over possible downside risks.

Despite the ongoing volatility and uncertainty, QCP maintains a “structurally bullish” view on crypto assets, noting significant long-term trades being executed. “The market appears to be using this dip to build more long-term bullish positions,” the analysts remarked.

The report also highlights large call option purchases for March 2025, with strike prices of $85,000, $100,000, and $120,000 for BTC. These trades reflect continued confidence in Bitcoin’s long-term growth. QCP suggests that market participants are taking advantage of the recent price drop to accumulate long-term positions, despite short-term fluctuations.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.