{"id":631391,"date":"2024-07-25T04:00:30","date_gmt":"2024-07-25T04:00:30","guid":{"rendered":"https:\/\/uniquehot.com\/?p=631391"},"modified":"2024-07-24T16:02:17","modified_gmt":"2024-07-24T16:02:17","slug":"bitcoin-traders-brace-for-impact-qcp-capital-signals","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-traders-brace-for-impact-qcp-capital-signals\/","title":{"rendered":"Bitcoin Traders Brace for Impact: QCP Capital Signals Incoming Price Drop\u2014Here\u2019s Why"},"content":{"rendered":"

Recent analysis from QCP Capital indicates<\/a> a marked shift in derivatives market sentiment<\/a>, signaling that options traders are bracing for further declines in Bitcoin value.<\/p>\n

Dissecting the Bearish Sentiment<\/h2>\n

The derivatives market has experienced a notable shift<\/a> over the past day, with the implied volatility in Bitcoin options decreasing.<\/p>\n

Related Reading: Is The US Emulating Germany? $4 Million Bitcoin Movement Raises Questions<\/a><\/div>\n

This indicates that traders are worrying more about the possible downside risks. According to a note from analysts at QCP Capital, the spread between call and put options has tightened by three volatility points. QCP Capital noted:<\/p>\n

While spot prices remain muted, the options market is painting a different picture. 26 Jul vols made an impressive 8-vol rally with RR dipping by 3 vols signalling caution to the downside.<\/p><\/blockquote>\n

This contraction reflects growing market caution as traders prepare for possible Bitcoin price declines amid increasing sell-pressure. Notably, the US government moving Bitcoin to exchanges like Coinbase and MtGox creditors beginning to receive their redistributed assets via Kraken, are contributing factors.<\/p>\n

These movements have injected substantial Bitcoin into the market, potentially suppressing prices further. QCP Capital’s analysts added:<\/p>\n

With the ETH Spot ETF potentially not impacting prices on the outset, coupled with potential selling pressure from the US Government and Mt Gox, prices may remain subdued until momentum builds up leading to the elections.<\/p><\/blockquote>\n

The Positive Bitcoin Signal<\/h2>\n

Amid the bearish sentiment from the derivative market shared by QCP Capital, some other Bitcoin metric suggest quite an opposite sentiment<\/a>\u2014Bullish.<\/p>\n

According to a CryptoQuant author on the QuickTake platform, there has been a significant increase in Bitcoin withdrawals from Kraken.<\/p>\n

This is particularly noteworthy as it comes at a time when Mt.Gox creditors are receiving their funds from the Kraken exchange. The analyst noted<\/a>:<\/p>\n

This could be a positive signal, indicating that they are not selling and are preparing to hold their coins, moving them from the exchange to cold wallets. Although the volume is not high, over 5K $BTC (USD 329.192.018$) have been withdrawn in the last 24 hours.<\/p><\/blockquote>\n

Meanwhile, regardless of the mixed\u00a0<\/a>signals from<\/a> both<\/span>\u00a0QCP Capital and the CryptoQuant analyst, BTC itself is still maintaining a crucial mark price above $66,000.<\/p>\n

Related Reading: Analyst Breaks Down Bitcoin\u2019s Potential for Surge and Setback, Reveals 5 Key Trends<\/a><\/div>\n

Although the asset briefly traded at $67,073 earlier today, Bitcoin has now retraced<\/a> slightly, trading for $66,705 at the time of writing.<\/p>\n

\"Bitcoin
BTC price is moving upwards on the 2-hour chart. Source: BTC\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

According to prominent crypto analyst RektCapital, so far, not only has BTC successfully retested<\/a> the old all-time high (ATH) major resistance area, but the asset now has a chance to “form a new Higher High for the first time in months.”<\/p>\n

\n

#BTC<\/a><\/p>\n

Not only has the retest been successful…<\/p>\n

But Bitcoin also has a chance to form a new Higher High for the first time in months$BTC<\/a> #Crypto<\/a> #Bitcoin<\/a> https:\/\/t.co\/2sMk2eekFN<\/a> pic.twitter.com\/wHubSs1a9Q<\/a><\/p>\n

\u2014 Rekt Capital (@rektcapital) July 22, 2024<\/a><\/p><\/blockquote>\n

Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

Recent analysis from QCP Capital indicates a marked shift in derivatives market sentiment, signaling that options traders are bracing for further declines in Bitcoin value. Dissecting the Bearish Sentiment The derivatives market has experienced a notable shift over the past day, with the implied volatility in Bitcoin options decreasing. Related Reading: Is The US Emulating Germany? $4 Million Bitcoin Movement Raises Questions This indicates that traders are worrying more about the possible downside risks. According to a note from analysts at QCP Capital, the spread between call and put options has tightened by three volatility points. QCP Capital noted: While spot prices remain muted, the options market is painting a different picture. 26 Jul vols made an impressive 8-vol rally with RR dipping by 3 vols signalling caution to the downside. This contraction reflects growing market caution as traders prepare for possible Bitcoin price declines amid increasing sell-pressure. Notably, the US government moving Bitcoin to exchanges like Coinbase and MtGox creditors beginning to receive their redistributed assets via Kraken, are contributing factors. These movements have injected substantial Bitcoin into the market, potentially suppressing prices further. QCP Capital’s analysts added: With the ETH Spot ETF potentially not impacting prices on the outset, coupled with potential selling pressure from the US Government and Mt Gox, prices may remain subdued until momentum builds up leading to the elections. The Positive Bitcoin Signal Amid the bearish sentiment from the derivative market shared by QCP Capital, some other Bitcoin metric suggest quite an opposite sentiment\u2014Bullish. According to a CryptoQuant author on the QuickTake platform, there has been a significant increase in Bitcoin withdrawals from Kraken. This is particularly noteworthy as it comes at a time when Mt.Gox creditors are receiving their funds from the Kraken exchange. The analyst noted: This could be a positive signal, indicating that they are not selling and are preparing to hold their coins, moving them from the exchange to cold wallets. Although the volume is not high, over 5K $BTC (USD 329.192.018$) have been withdrawn in the last 24 hours. Meanwhile, regardless of the mixed\u00a0signals from both\u00a0QCP Capital and the CryptoQuant analyst, BTC itself is still maintaining a crucial mark price above $66,000. Related Reading: Analyst Breaks Down Bitcoin\u2019s Potential for Surge and Setback, Reveals 5 Key Trends Although the asset briefly traded at $67,073 earlier today, Bitcoin has now retraced slightly, trading for $66,705 at the time of writing. According to prominent crypto analyst RektCapital, so far, not only has BTC successfully retested the old all-time high (ATH) major resistance area, but the asset now has a chance to “form a new Higher High for the first time in months.” #BTC Not only has the retest been successful… But Bitcoin also has a chance to form a new Higher High for the first time in months$BTC #Crypto #Bitcoin https:\/\/t.co\/2sMk2eekFN pic.twitter.com\/wHubSs1a9Q \u2014 Rekt Capital (@rektcapital) July 22, 2024 Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":631396,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,441,629,678,1119,78790,87662],"class_list":["post-631391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-analysis","tag-bitcoin-market","tag-bitcoin-prediction","tag-btc","tag-btcusdt","tag-qcp-capital"],"acf":[],"yoast_head":"\nBitcoin Traders Brace for Impact: QCP Capital Signals Incoming Price Drop\u2014Here\u2019s Why<\/title>\n<meta name=\"description\" content=\"Recent analysis from QCP Capital indicates a marked shift in derivatives market sentiment, signaling that Bitcoin options traders are...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/uniquehot.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Traders Brace for Impact: QCP Capital Signals Incoming Price Drop\u2014Here\u2019s Why","url":"http:\/\/uniquehot.com\/bitcoin-news\/bitcoin-traders-brace-for-impact-qcp-capital-signals\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/bitcoin-news\/bitcoin-traders-brace-for-impact-qcp-capital-signals\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/DALL\u00b7E-2024-07-24-15.44.08-Create-a-featured-image-for-an-article-titled-Bitcoin-Traders-Brace-for-Impact_-QCP-Capital-Signals-Incoming-Price-Drop\u2014Heres-Why.-Show-the-Bitcoin.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/DALL\u00b7E-2024-07-24-15.44.08-Create-a-featured-image-for-an-article-titled-Bitcoin-Traders-Brace-for-Impact_-QCP-Capital-Signals-Incoming-Price-Drop\u2014Heres-Why.-Show-the-Bitcoin.jpg?fit=1024%2C1024"},"articleSection":"Bitcoin News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin analysis","bitcoin market","bitcoin prediction","btc","btcusdt","qcp capital"],"dateCreated":"2024-07-25T04:00:30Z","datePublished":"2024-07-25T04:00:30Z","dateModified":"2024-07-25T04:00:30Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Traders Brace for Impact: QCP Capital Signals Incoming Price Drop\\u2014Here\\u2019s Why\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/bitcoin-news\\\/bitcoin-traders-brace-for-impact-qcp-capital-signals\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/bitcoin-news\\\/bitcoin-traders-brace-for-impact-qcp-capital-signals\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/DALL\\u00b7E-2024-07-24-15.44.08-Create-a-featured-image-for-an-article-titled-Bitcoin-Traders-Brace-for-Impact_-QCP-Capital-Signals-Incoming-Price-Drop\\u2014Heres-Why.-Show-the-Bitcoin.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/DALL\\u00b7E-2024-07-24-15.44.08-Create-a-featured-image-for-an-article-titled-Bitcoin-Traders-Brace-for-Impact_-QCP-Capital-Signals-Incoming-Price-Drop\\u2014Heres-Why.-Show-the-Bitcoin.jpg?fit=1024%2C1024\"},\"articleSection\":\"Bitcoin News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin analysis\",\"bitcoin market\",\"bitcoin prediction\",\"btc\",\"btcusdt\",\"qcp capital\"],\"dateCreated\":\"2024-07-25T04:00:30Z\",\"datePublished\":\"2024-07-25T04:00:30Z\",\"dateModified\":\"2024-07-25T04:00:30Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/DALL\u00b7E-2024-07-24-15.44.08-Create-a-featured-image-for-an-article-titled-Bitcoin-Traders-Brace-for-Impact_-QCP-Capital-Signals-Incoming-Price-Drop\u2014Heres-Why.-Show-the-Bitcoin.jpg?fit=1024%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/631391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=631391"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/631391\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/631396"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=631391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=631391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=631391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}