QCP Capital: Options market data has tilted to bullishness, and the macro background is increasingly supporting risky assets

PANews February 20th news QCP Capital posted on TG channel that demand for high Delta Bitcoin call options is strong, which may be driven by Trump's statement and speculation around potential strategy Bitcoin reserves Due to short-term bullish sentiment. Additionally, the 25 Delta implied volatility has shifted to call options tilts for all periods, indicating that the market is preparing for the second phase of the bull market. As inflation concerns eased, the S&P 500 hit a new high and the US dollar index (DXY) fell back to 107 levels, and the macro background seemed to increasingly support risky assets.

Altcoins have attracted widespread attention since Trump took office, with several altcoins-related ETF applications being filed with the U.S. Securities and Exchange Commission (SEC), including XRP’s ETF applications. It is worth noting that Brazilian regulators have approved the world's first spot XRP ETF. It is not yet certain whether this will provide a catalyst for Trump’s ambition to position the U.S. as a global cryptocurrency hub and pave the way for further approval of ETFs in 2025.