QCP Capital: Bitcoin Will Hit Record Levels in March

Reading Time: < 1 minute

According to a report from QCP Capital, the current surge in call options with strike prices ranging from $60,000 to $80,000 and the intense demand for ETFs could potentially push Bitcoin to reach its ATH (all-time high) in March.

The report emphasized that market participants had already spent approximately $10 million on premiums just this week alone.

The report also noted that the largest open interest volume for upcoming expirations is located in calls with a strike price of $60,000, which is set to expire at the end of March. This number, according to Deribit, is equivalent to 1,273 contracts, which is approximately $67 million.

Explaining the current dynamics of the options market and the recent surge above $50,000, QCP Capital attributed it to the increasing demand for spot ETFs.

The experts also predicted that this trend will continue as more global liquidity flows into cryptocurrency instruments.

If you like our content and want to support us, please follow us on X, Facebook and Instagram and don’t miss the latest news!