QCP Capital: Price volatility has been smaller over the past week, but bullish sentiment on BTC has increased
PANews reported on April 6 that QCP Capital, headquartered in Singapore, said that the Perp-June Basis of BTC and ETH has experienced unusually large sell-offs in the past two days, causing the entire forward curve to compress to 15-17%. They suspect the flow could be related to Ethena or could be large investors squeezing out high forward returns while reducing leveraged positions.
In addition, despite the smaller price fluctuations in the past week, QCP Capital said it still found that bullish sentiment on BTC has increased. The main reasons include increased inflows of BTC spot ETF funds, positive news such as traditional financial institutions joining Blackrock’s ETF, large purchases of BTC call options, BTC Leverage reduction and the upcoming BTC halving event.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Balancer Rallies to Recover and Redistribute Stolen Funds After Major Cyber Attack
In Brief Balancer plans to redistribute $8 million to users after a massive cyber theft. The recovery involved crucial roles by white-hat researchers rewarded with 10% incentives. Unclaimed funds will undergo governance voting after 180 days.

Bitcoin Faces Renewed Selling Pressure as Whale Deposits Spike and Market Fear Deepens

Polygon Exec Predicts Surge to 100,000 Stablecoins, Banks Scramble to Retain Capital

South African Reserve Bank Says Retail CBDC Not a Priority, Focus Shifts to Payment System Upgrade
