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One of the significant crypto investment companies in the Asia region, QCP Capital, has released a new report stating that the market has stabilized following last week’s sharp movements in the cryptocurrency market, but caution remains high due to persistently high implied volatility. Currently, the market is on alert for significant events this week, such as the debate between US presidential candidates Donald Trump and Kamala Harris and the release of the US Consumer Price Index (CPI) data.
Bitcoin Continues to Maintain Bullish Expectations
Following last week’s sharp decline, sentiment in the cryptocurrency market shifted towards downside risk, and until October, the risk for Bitcoin (BTC) 
$104,893 and Ethereum (ETH) 
$2,522 reversed, showing a tendency towards put options. This trend reveals that investors are reacting to ongoing uncertainty and trying to hedge against potential price declines.
Despite short-term turbulence and the potential for sharp price movements, QCP Capital continues to maintain a structurally bullish outlook for the cryptocurrency market. According to the report, many investors are taking positions expecting a long-term rise, taking advantage of the recent low price levels.
The company highlighted significant buying interest in call options for BTC with strike prices of 85,000, 100,000, and 120,000 dollars, expiring on March 28, 2025, demonstrating confidence in a major price recovery in the coming years.
Company Recommends Using Zero-Cost Trading Strategy
QCP Capital recommended a trading strategy using the ZERO-cost ERKO Seagull structure as a way to efficiently express the bullish outlook on BTC. This strategy involves buying a call option at 70,000 dollars with a target of 100,000 dollars and buying a put option at 42,000 dollars, effectively reducing the cost to zero. This strategy offers a potential maximum payout of up to 30,000 dollars per BTC or an annual return of 239% if the spot price hovers just below 100,000 dollars at expiration. It should be noted that at the time the trading strategy was given, the spot reference price for BTC was 55,200 dollars.
QCP Capital’s ongoing bullish outlook aligns with the significant buying interest that emerged as Bitcoin’s price recovered from the 52,500-dollar level, reflecting the market’s reaction to recent low levels. While it remains uncertain whether the market has definitively reached a bottom, the company noted that some institutional investors are seizing the opportunity to increase their bullish positions for December and March expirations.
