週末加密貨幣市場中等恢復

並分別打破了85,000美元和2,000美元的重要心理水平。

Bitcoin price clocked moderate recovery over the weekend, breaking key psychological levels of $85,000 and sparking renewed interest from institutional investors, according to Monday analysis from QCP Capital.

根據QCP Capital的周一分析，比特幣的價格在周末恢復了中度的恢復，打破了85,000美元的關鍵心理水平，並引起了機構投資者的新興趣。

"The market recovered a bit following a rebound in stock futures, despite persistent recession fears. Statements from Jerome Powell during last week’s FOMC meeting helped to calm investor nerves somewhat. As a result, the crypto market’s fear and greed index rose from 32% to 45% (vs neutral 49%)—suggesting a decrease in overall risk aversion," the report stated.

“儘管經歷了持續的衰退恐懼，但在股票期貨的反彈之後，市場恢復了一點。杰羅姆·鮑威爾在上週的FOMC會議上發表的陳述有助於使投資者有些平息。結果，加密貨幣市場的恐懼和貪婪的指數從32％上升了32％，從32％上升到45％（中性49％），這是整體風險的降低，“報告了一致的案例。

Chart of Bitcoin price action, from trading view, March 25, 2024

比特幣價格動作圖表，從交易視圖，2024年3月25日

An important positive signal was the significant increase in inflows into spot Bitcoin ETFs. Last week, 8,775 Bitcoins were purchased, which is equivalent to $744 million. This is a sharp reversal after several weeks of net outflows and may indicate the beginning of the return of liquidity to the cryptocurrency market.

一個重要的正信號是，將其流入到點比特幣ETF中的顯著增加。上週，購買了8,775個比特幣，相當於7.44億美元。經過數週的淨流出後，這是一次急劇的逆轉，可能表明流動性回到加密貨幣市場。

"It is also worth noting that the current price rise is being driven by real spot demand, not leverage. This is indicated by the muted volume in open positions for open-ended futures and flat funding rates. This is a key distinction, as usually, leverage-driven moves are quickly followed by sharp drops in liquidation activity," QCP Capital noted.

“還值得注意的是，當前的價格上漲是由實際的現貨需求而不是槓桿驅動的。這是由靜shouse量的開放式期貨和固定融資率的空調表明。這是一個關鍵的區別，因為通常，槓桿驅動的動作在清算活動中迅速迅速下降，” QCP Capital表示。 ”

However, despite renewed ETF momentum and today’s continued rally, the analysts remain cautious about the prospects for a sustained upside breakout. They believe that the upcoming rate hike, which is scheduled for April 2, could put renewed pressure on risk assets.

然而，儘管ETF的動力不斷，並且今天繼續進行集會，但分析師仍然對持續上升突破的前景保持謹慎。他們認為，計劃於4月2日舉行的即將進行的加息可能會給風險資產帶來重新壓力。

The options market is also reflecting a more neutral wait-and-see stance, with implied volatility declining and risk-reversals becoming flatter across all expiry dates, in stark contrast to the steeper biases seen just a week ago.

期權市場還反映了更中性的等待立場，暗示波動率下降，風險逆轉在所有到期的日期中變得更加平坦，與一周前看到的更陡峭的偏見形成了鮮明的對比。

In its report, QCP Capital analyzes the current market situation in detail and suggests a cautious approach to trading. The firm recommends watching closely to see if this week’s recovery repeats the price dynamics of last Monday, when cryptocurrencies rallied on Sunday but pulled back sharply over the next 48 hours.

QCP Capital在其報告中詳細分析了當前的市場狀況，並提出了一種謹慎的交易方法。該公司建議仔細觀​​察本週的恢復是否重複上週一的價格動態，當時加密貨幣在周日集會，但在接下來的48小時內急劇退縮。

For traders considering option strategies in the current environment, QCP offers the following approaches:

對於考慮當前環境中期權策略的交易者，QCP提供以下方法：

In a "bullish camp" scenario, traders could sell put options to generate income in a low-volatility market.

在“看漲陣營”的情況下，交易者可以出售在低揮發性市場中產生收入的選項。

In a "bearish camp" scenario, traders could sell covered call options to limit potential upside while collecting premium.

在“看跌營地”的情況下，貿易商可以出售有覆蓋的呼叫選項，以限制收集保費時的潛在上升空間。

Overall, QCP Capital believes that the cryptocurrency market is presenting interesting opportunities for traders who can adapt to the evolving macroeconomic landscape and emerging institutional activity in the crypto space. However, the firm cautions that traders should approach the market with a balanced perspective and consider both the short-term risks and long-term potential.

總體而言，QCP Capital認為，加密貨幣市場為可以適應加密貨幣領域中不斷發展的宏觀經濟景觀和新興的機構活動提供了有趣的機會。但是，公司警告說，交易者應以平衡的觀點來接近市場，並考慮短期風險和長期潛力。