Bitcoin Investors Bet Big on 100K-150K BTC But Fall Out Of Love With This Major Coin
Portfolio Pulse from Murtuza Merchant
Bitcoin sentiment remains bullish with investors betting on prices reaching $100K-$150K, despite recent volatility. QCP Capital's report highlights increased buying activity for Bitcoin put options and long-dated calls, indicating a return of investor greed. Conversely, Ethereum shows signs of investor nervousness with negative perpetual funding rates and a downside skew in risk reversals. QCP also introduces a 'Fear + Greed' trade idea for Bitcoin, offering a fixed weekly coupon and downside protection.
March 18, 2024 | 4:41 pm
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NEGATIVE IMPACT
Ethereum shows signs of investor nervousness with negative perpetual funding rates and a downside skew in risk reversals, lagging behind in the rally.
The report's observation of negative perpetual funding rates and a downside skew in risk reversals for Ethereum suggests growing investor nervousness. This contrasts with the bullish sentiment around Bitcoin and may lead to a short-term negative impact on Ethereum's price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Investor sentiment for Bitcoin remains bullish with bets on it reaching $100K-$150K. Increased buying of put options and long-dated calls indicate a return of investor greed.
The report from QCP Capital showing increased buying activity for Bitcoin put options and long-dated calls with high strike prices suggests strong investor confidence in Bitcoin's future price appreciation. This bullish sentiment, despite recent volatility, is likely to have a positive short-term impact on Bitcoin's price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100