QCP Capital Market Update – 1 Apr 24
– A dovish Powell last Friday kept markets supported over the long weekend.
– In the last 24 hours, we’ve seen significant interest to sell calls and buy puts in both BTC and ETH.
– This has put some downward pressure on spot price and has also kept implied vols high, particularly in ETH where demand for puts have been much higher than for calls in the front-end (downside risk reversal skew -5% in April)
Trade Idea:
– Accumulators have been outstanding in this range-y market, allowing investors to buy BTC close to 50k level even with BTC spot trading around 70k.
– A 12-week Accumulator (spot ref 68.5k) allows you to buy BTC weekly below 57k (17% discount to market!)
*upper barrier at 75k
– Clients may check with the desk for more details
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
Fed rate hikes may not necessarily end the bull market frenzy! Historical data reveals: what the market truly fears is a "cycle of tightening"
Wall Street has its own set of rules regarding the end of a stock market bull run, but currently neither of the two conditions is met, even though interest rate risks are quietly returning. According to historical data, what poses a threat to bulls is a complete rate-hiking cycle, not a single rate increase.
SHIB Momentum Fades as Rising Exchange Supply Raises Profit-taking Concerns
Bitcoin Price Prediction: Three Straight ETF Outflow Days — Is the Streak About to Break Bad?
Morgan Stanley Refutes "AI Capex Peak Theory," Predicts AI Semiconductor Capex Will Continue to "Outpace" in 2028, 2.5D Packaging Capacity to Increase by Another 50%
Morgan Stanley stated in a research report that CSP capital expenditure growth may drop to 12%, but expansion in CoWoS/CoPoS/EMIB-T, along with strong demand for ASIC and HBM, remains robust. MediaTek, TSMC, and Intel will become the focus.
Crypto prices
More
