FameEX Hot Topics | QCP Capital Predicts Crypto Volatility Ahead of Trump-Harris Debate

QCP Capital highlights that the upcoming debate between former President Donald Trump and Vice President Kamala Harris could significantly impact the crypto market. Both figures, known for their polarizing roles in U.S. politics, are expected to influence price movements in the days leading up to the debate.

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

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

Despite the current volatility and uncertainty, QCP maintains a “structurally bullish” stance on crypto assets, citing significant long-term trades being executed. “It seems the market is taking advantage of this dip to build more long-term bullish positions,” the analysts commented.

The report also points to large call option purchases for March 2025, with strike prices at $85,000, $100,000, and $120,000 for BTC. These trades indicate continued confidence in Bitcoin’s long-term growth. According to QCP, market participants are using the recent price decline to accumulate longer-term positions, despite the short-term fluctuations and uncertainty.

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