BlockBeats news, on July 2, QCP released a daily market observation stating that "institutional demand supports Bitcoin, and the SEC accelerates the ETF approval process. The liquidity in the crypto derivatives market continues to improve. Solana futures at CME reached a historical high of 1.75 million contracts in trading volume, while XRP futures surpassed $500 million in trading volume in their first month of launch. The risk reversal in the Bitcoin options market has slightly rebounded, but implied volatility remains close to historical lows. The basis and yield still reflect a market sentiment that is somewhat weak, with most trading positions currently leaning towards buy low and range-bound strategies. Bitcoin's market dominance is stable at 65%-66%, a multi-year high. Retail investors, OGs, and short-term holders seem to have entered a "summer vacation mode," while institutions quietly continue to build positions. The market's focus is shifting towards the third and fourth quarters, and the current holdings situation suggests that a new cycle of volatility is about to begin. The U.S. macro environment is favorable for risk assets, dovish signals are increasing, and market risk appetite is warming up. U.S. stocks continue to rise steadily, benefiting from the recovery of the IPO market and expectations of easing geopolitical risks related to U.S.-China trade and the debt ceiling. This risk appetite sentiment is also transmitting to the crypto market, although altcoin sentiment still lags behind mainstream tokens.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
QCP: The liquidity of the encryption derivation market continues to improve, and market risk appetite is warming up.
BlockBeats news, on July 2, QCP released a daily market observation stating that "institutional demand supports Bitcoin, and the SEC accelerates the ETF approval process. The liquidity in the crypto derivatives market continues to improve. Solana futures at CME reached a historical high of 1.75 million contracts in trading volume, while XRP futures surpassed $500 million in trading volume in their first month of launch. The risk reversal in the Bitcoin options market has slightly rebounded, but implied volatility remains close to historical lows. The basis and yield still reflect a market sentiment that is somewhat weak, with most trading positions currently leaning towards buy low and range-bound strategies. Bitcoin's market dominance is stable at 65%-66%, a multi-year high. Retail investors, OGs, and short-term holders seem to have entered a "summer vacation mode," while institutions quietly continue to build positions. The market's focus is shifting towards the third and fourth quarters, and the current holdings situation suggests that a new cycle of volatility is about to begin. The U.S. macro environment is favorable for risk assets, dovish signals are increasing, and market risk appetite is warming up. U.S. stocks continue to rise steadily, benefiting from the recovery of the IPO market and expectations of easing geopolitical risks related to U.S.-China trade and the debt ceiling. This risk appetite sentiment is also transmitting to the crypto market, although altcoin sentiment still lags behind mainstream tokens.