WuBlockchain

QCP: Post-Jackson Hole, the desk saw aggressive Call Spread buying, but also witnessed heavy selling of calls around the 100k strike out to Mar 2025. While the move higher in price has been decisive, the vols are indicating hesitation in the market. As front-end vols drift lower, it is likely that BTC spot will continue to chop around the 62k-67k range in the near term. NVIDIA earnings (28 Aug) and US PCE (30 Aug) are due this week but we do not foresee any major surprises from these risk events.   t.co/SWvjpc38iZ