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QCP Capital: If BTC Strongly Breaks Above $110K, It Could Trigger a New Round of Upside, With Some Large Funds Positioning for Call Options
BlockBeats News, July 7th, QCP Capital posted on its official channel, stating that despite the volatility still hovering near historic lows, a decisive break above the $110,000 resistance level could trigger a new round of volatility trading. Some large funds seem to be positioning for this—they continue to accumulate long call options with a $130,000 strike price expiring in September, while also holding firm on a long call spread combination with $115,000/$140,000 strike prices expiring in September, highlighting the market's expectation of a bullish structure for the third quarter.
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