BlockBeats News: On November 15th, QCP Capital announced on its official channel that, given the strong upward trend of Bitcoin since the US election, it believes that the target price of $100000 to $120000 may not be far away. When preparing for the next upward trend in the market, it is important to pay attention to the following trends and risk factors:
·Due to many large participants being prepared for it and selling call options in the uptrend, implied volatility has been decreasing. With each new high, the trading platform observes that the market is selling call options and buying put options to hedge against downside risks.
·The market is still highly leveraged, especially in altcoins, where a large amount of leverage operations push perpetual funding rates (1 year) up to 50-100%. So, especially for altcoins, the risk of deleveraging may be quite high.
QCP Capital believes that the potential strength of BTC represents a systemic shift in the market in anticipation of Trump's return to the White House. His idea of launching strategic BTC reserves and rotating from gold to BTC provides a strong bullish view that can maintain support for BTC prices.
