BlockBeats news, on October 5, QCP Capital posted on its official channel that there was a conflict between Iran and Israel this week, and the market expects Israel's retaliation to be more severe. Their targets are key infrastructure such as Iran's nuclear facilities or oil facilities. In addition, the non-agricultural data reflects a strong labor market, coupled with the possibility of further interest rate cuts later this year, boosting risk assets and allowing BTC to recover $62,000.
As time enters the fourth quarter, options market activity continues to grow, and demand for December call options is still increasing, highlighting the market's bullish view at the end of the year. Although QCP Capital still believes that macro data still supports the view of "Uptober". However, before the US election, geopolitical risks are the biggest hidden danger. QCP Capital prefers to lock in yields at current levels, take profits, and prepare for the end-of-year rise.
