Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
QCP Capital: Price volatility has been smaller over the past week, but bullish sentiment on BTC has increased

QCP Capital: Price volatility has been smaller over the past week, but bullish sentiment on BTC has increased

2024/04/06 10:00
By:

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.

0

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.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!