周末加密货币市场中等恢复

并分别打破了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.

根据QCP Capital的周一分析，比特币的价格在周末恢复了中度的恢复，打破了85,000美元的关键心理水平，并引起了机构投资者的新兴趣。

"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.

“尽管经历了持续的衰退恐惧，但在股票期货的反弹之后，市场恢复了一点。杰罗姆·鲍威尔在上周的FOMC会议上发表的陈述有助于使投资者有些平息。结果，加密货币市场的恐惧和贪婪的指数从32％上升了32％，从32％上升到45％（中性49％），这是整体风险的降低，“报告了一致的案例。

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

比特币价格动作图表，从交易视图，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.

一个重要的正信号是，将其流入到点比特币ETF中的显着增加。上周，购买了8,775个比特币，相当于7.44亿美元。经过数周的净流出后，这是一次急剧的逆转，可能表明流动性回到加密货币市场。

"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.

“还值得注意的是，当前的价格上涨是由实际的现货需求而不是杠杆驱动的。这是由静shouse量的开放式期货和固定融资率的空调表明。这是一个关键的区别，因为通常，杠杆驱动的动作在清算活动中迅速迅速下降，” 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，尽管ETF的动力不断，并且今天继续进行集会，但分析师仍然对持续上升突破的前景保持谨慎。他们认为，计划于4月2日举行的即将进行的加息可能会给风险资产带来重新压力。

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.

期权市场还反映了更中性的等待立场，暗示波动率下降，风险逆转在所有到期的日期中变得更加平坦，与一周前看到的更陡峭的偏见形成了鲜明的对比。

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在其报告中详细分析了当前的市场状况，并提出了一种谨慎的交易方法。该公司建议仔细观​​察本周的恢复是否重复上周一的价格动态，当时加密货币在周日集会，但在接下来的48小时内急剧退缩。

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

对于考虑当前环境中期权策略的交易者，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“看涨阵营”的情况下，交易者可以出售在低挥发性市场中产生收入的选项。

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

在“看跌营地”的情况下，贸易商可以出售有覆盖的呼叫选项，以限制收集保费时的潜在上升空间。

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.

总体而言，QCP Capital认为，加密货币市场为可以适应加密货币领域中不断发展的宏观经济景观和新兴的机构活动提供了有趣的机会。但是，公司警告说，交易者应以平衡的观点来接近市场，并考虑短期风险和长期潜力。