• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: How Uniswap Was Deployed On The Binance Smart Chain
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: How Uniswap Was Deployed On The Binance Smart Chain
Bitcoin

Does the Crypto Market Have The Strength To Break To The Upside? QCP Capital Weighs In

Ronaldo Marquez by Ronaldo Marquez
2 months ago
in Uncategorized
Reading Time: 2 mins read
Advertisement

The conditions of the cryptocurrency market have changed drastically; according to an analysis by QCP Capital, the options market in its current state makes the crypto industry look like a major crisis, such as the shutdown of crypto exchange FTX after filing for bankruptcy, never happened.

Related Reading: Bitcoin Exchange Outflows Reach Highest Value Since FTX Crash, Bullish?

Trading desk QCP Capital published observations on the crypto industry, revealing some key points to consider for the coming months.

The Crypto Market Comes Back To Life

QCP’s analysis points out that Bitcoin (BTC) risk reversals have been trading in positive territory over the past week, which tells us that calls (buys) have been more expensive than puts (sells) since 2021 across multiple tenors.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

This is unusual for the sector as BTC typically has a persistent put skew, mainly due to miner/treasury hedging activity. The chart below depicts this market behavior and the bullish sentiment impacting the options sector.

Source: QCP Capital

Put skew drives the price of puts higher and calls lower. This difference in pricing between options is called skew and, under normal circumstances, puts trade with higher volatility than calls precisely because investors are hedging some of their bullish positions.

For the trading desk, this means that the sentiment in the cryptocurrency market has shifted from bearish to bullish, a culmination of what has been happening in the macro market and the slight recovery in the economy.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

Bulls Might Get Their Hearts Broken On Valentines Day

Ethereum’s (ETH) implied volatility (IV), which represents the expected volatility of a stock or currency over the option’s life, has fallen, indicating complacency as the market prices out fears of a price collapse, according to the analysis.

Crypto
Source: QCP Capital

The enthusiasm in the market can be measured by the amount of “fear of missing out” (FOMO) that has set in, with many chasing prices and the top by buying high delta calls and going long in the spot market over the past week.

With the upcoming “Big Bad” Federal Open Market Committee (FOMC) meeting, the trading desk expects the market to be more cautious and conservative.

According to QCP, the following potentially problematic date will be February 14th, when the following CPI report will occur, which can potentially “break the heart of the bulls.”

For QCP, this is the same scenario the market experienced in December. Similarly, the price may experience a topside breakout characterized by a highly sharp and violent movement.

Bitcoin is currently trading at $23,200 and seems to be paving the way for the conquest of new levels. It has gained 0.7% in the last 24 hours and 10.3% in the last seven days. Bitcoin is trying to break the next obstacle represented by the $24,400 level.

Crypto BTC BTCUSDT ETH ETHUSDT
BTC’s price with some profits on the daily chart. Source: BTCUSDT Tradingview

Ethereum is trading at $1600, up 0.3% in the last 24 hours, with sideways price action. The next resistance wall is at $1,691, a zone the bulls have not visited since September 2022. Ethereum has gained 3.8% in the last seven days.

Related Reading: U.S. Institutions Are Driving Bitcoin Prices, Matrixport Research
Crypto ETH ETHUSDT Bitcoin BTC BTCUSDT
ETH’s price moving sideways, with some profits on the daily chart. Source: ETHUSDT Tradingview

Cover image from Unsplash, charts from Tradingview.

Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Ronaldo Marquez

Ronaldo Marquez

Related Posts

Galaxy Digital CEO Recommends Buying Crypto and Bitcoin Amid US Credit Crunch

Galaxy Digital CEO Recommends Buying Crypto And Bitcoin Amid US Credit Crunch

4 mins ago
ATOM

Cosmos (ATOM) Holds 18% On Weekly Chart While Major Coins Lost Profits

54 mins ago
Shiba Inu BONE

Shiba Inu Metaverse Dev Raises New Charges, BONE Falls 16%

2 hours ago
Bitcoin

Bitcoin Coinbase Premium Declines, But Still At Green Values, Bullish Signal?

3 hours ago
Love Power Marketplace: a fundamentally new approach to NFT trading

Love Power Marketplace: a fundamentally new approach to NFT trading

3 hours ago
GMX token

GMX Token Keeps Rising As Crypto Market Sees Correction

4 hours ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

5 Best New Cryptocurrencies March 2023

March 16, 2023

The Sandbox (SAND) Announces New Partnership, Orbeon Protocol (ORBN) Presale Price Surges And HEX (HEX) Shows Green

March 16, 2023

Cryptocurrencies Price Prediction: Solana (SOL), Aptos (APT) & TMS Network (TMSN)

March 16, 2023

Crypto Price Prediction: Shiba Inu (SHIB) And Aptos (APT) Investors Moving Funds to TMS Network (TMSN) As They See It As More Profitable

March 16, 2023

Metropoly Pushing Boundaries of Real Estate Investment Beyond Propy and LA Token

March 16, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.