According to a report from BlockBeats news, QCP Capital recently shared on its official channel that tensions between Iran and Israel escalated this week. There are concerns in the market that Israel’s response could be more severe, potentially targeting critical infrastructure like Iran’s nuclear or oil facilities. Additionally, positive non-farm payroll data indicating a robust labor market, along with the possibility of further interest rate cuts later in the year, boosted risk assets and helped BTC climb back to $62,000.
As we move into the fourth quarter, activity in the options market continues to increase. Demand for December call options is on the rise, reflecting a bullish sentiment towards the end of the year. QCP Capital remains optimistic about a “bullish October” (Uptober) outlook based on macro data, but acknowledges the looming geopolitical risks ahead of the US election. As a precaution, QCP Capital prefers to maintain current yields, stay vigilant, and prepare for potential market fluctuations towards the end of the year.
