QCP Capital’s report on August 7 showed that BTC rebounded from $62,500 to $64,000 this week. Strategy sold 1,638 BTC last week; the Coldcard security incident affected 5,000 wallets and resulted in a loss of 1,755 BTC, yet the market did not sustain a decline. The 7-day and 30-day at-the-money implied volatilities in the options market stood at 28.8 and 32.6, respectively, while the 7-day 25-delta risk reversal narrowed to -2.10. The U.S. July ISM Manufacturing PMI rose to 55.6, and ADP private employment added 44,000 jobs, as markets await the non-farm payrolls data. Tensions in the Strait of Hormuz remain unresolved, with Brent crude oil returning above $83; yen intervention and movements in Japanese government bond yields are influencing global liquidity.
BTC market shows resilience as implied volatility declines
AiCoinShare
Summary
The BTC market update shows resilience as the BTC price rebounded from $62,500 to $64,000 this week, according to QCP Capital’s August 7 report. A strategy sold 1,638 BTC, while a Coldcard security incident affected 5,000 wallets, resulting in the loss of 1,755 BTC. Implied volatility for at-the-money options was 28.8% for 7 days and 32.6% for 30 days, with the 25-delta risk reversal at -2.10. The U.S. July ISM manufacturing PMI rose to 55.6, and ADP private employment added 44,000 jobs. Tensions in the Strait of Hormuz continue, with Brent crude trading above $83. Yen intervention and shifts in JGB yields are influencing global liquidity.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.