QCP Asia Color

Alpha Zone

Analysts

My Reading List

DeFi Gaming & Metaverse Infrastructure Markets NFTs

QCP Asia Color

QCP Capital

A positive start to the week as BTC managed to inch closer towards the 100k mark, staring down the hefty sell wall yet again. This is the level which saw increased selling pressure in December.

So will BTC break 100k again? The first time this key level was broken, on 5-Dec, funding skyrocketed above 60%. However funding levels remain healthy this time round and we do not anticipate a squeeze higher in the near-term. Unlike previously, it’s also quite unlikely we get any Trump-related catalysts till after his 20-Jan inauguration. Frontend vols have also remained soft with a relatively neutral skew which indicate a similar sentiment.

With no crypto-specific catalysts on the horizon, focus will be on the first US jobs report of the year this Friday (10-Jan). However expectations for Fridays NFP will be firmed up through the week with the release of JOLTS job opening numbers and ADP on 7-Jan and 8-Jan respectively.

You might also like

Post-reciprocal-tariff Strategy

The “reciprocal tariff” negotiation started strong and fast yesterday. Markets, from crypto to US rates, are pricing a stagflationary scenario, at lea

Professional

Surviving "Liberation Week"

This week will be rich in data disclosure and political announcements that have the potential to determine the market trajectory of crypto and other f

Professional

Weekly Market Positioning Update – [w/c March 31st]

Pioneer

Disclosure: The authors of this content and members of Nansen may be participating or invested in some of the protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. Nansen does not recommend any particular course of action in relation to any token or protocol. The content herein is meant purely for educational and informational purposes only and should not be relied upon as financial, investment, legal, tax or any other professional or other advice. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Nansen at any time without notice. Nansen accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.