QCP Capital: The market is waiting for the signal of the extent of the interest rate cut in September, and no significant fluctuations are expected this week

BlockBeats news, on August 27, QCP Capital's latest report pointed out that Bitcoin spot ETFs have seen strong inflows for 12 consecutive days, while Ethereum spot ETFs have faced outflows for 8 consecutive days. Bitcoin's dominance in the options market reflects the macro-driven nature of the current rate cut cycle. QCP observed moderate bullish option spread buying on the options trading desk, while volatility has declined recently, signals that the market is cautiously optimistic.

QCP recommends accumulating Bitcoin spot at a discount of 8.27% per week ($57,600) for the remainder of the third quarter as long as the spot price is below $67,000. They do not expect significant market volatility this week as investors await clear signals on the extent of the September rate cut.