QCP Asia Colour

My Reading List

DeFi Gaming & Metaverse Infrastructure Markets NFTs

QCP Asia Colour

main

Tonight’s CPI release has captured everyone’s attention. The market anticipates a 70% chance of a rate cut in September. This optimism has been reflected in the continued rally in equities but has yet to be priced into the crypto market.

BTC front-end volatility increased by 5 points this morning, with risk reversals favoring the topside, signaling the market’s anticipation ofpotential topside volatility.

Yesterday, the German government transferred 10k BTC to exchanges and market makers. The wallet now holds only 15k BTC out of the 50k it originally held in mid-June, suggesting a possible easing of supply pressure.

Trade Idea With the perceived reduction in supply, a softer CPI print could serve as the catalyst to break out of this range, especially bolstered by the upcoming launch of ETH spot ETF trading next week. We identify a compelling risk-reward opportunity on the upside through Digitals.

ETH 26-Jul Call DIGI
Strike: 4k
Payout: 10x (of prems spent if spot fixes at-or-above strike at expiry)

You might also like

Article cover

QCP Asia Colour

Article cover

QCP Weekend Brief

Article cover

QCP Asia Colour

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.