QCP Market Update-0903
September is typically a bearish month not just for crypto but across all asset classes (with bonds lower in 8 out of the last 10 Septembers and Gold lower every year since 2017).
October, however, has the strongest bullish seasonality, with BTC showing positive returns and an average gain of 22.9% in 8 out of the last 9 Octobers.
This seasonality play could explain the consistent call buying in the vol market (the desk observed another 150x 80k Dec calls lifted in Asia morning).
If this pattern plays out again this year, it would be strategic to accumulate during the September dip and take profits in October or toward the year-end.
Trade Idea
September offers a compelling opportunity to accumulate BTC spot ahead of a potential rally in October and the upcoming U.S. election. Buy BTC spot at a 9.06% discount every week if it fixes below 63,000 with an Accumulator.
BTC Accumulator
- Maturity: 8NOV24 (10 weeks)
- Strike: 53.800 (-9.06%)
- Upper Barrier: 63,000 (+6.49%)
- Observation Frequency: Weekly
- Spot Ref: 59,160
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.
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