en.bitcoinsistemi.com
While Bitcoin ($BTC) and altcoins struggle with declines, critical economic data will be released from the US this week.
Listing the important events that could affect $BTC and the market this week, Singapore-based cryptocurrency company QCP Capital stated that the Donald Trump and Kamala Harris encounter and the US CPI-PPI data could have an impact on the market.
Analysts who warned of volatility this week said the market remained cautious, with risk reversals for $BTC and $ETH shifting toward sell-offs by October, reflecting concerns about potential declines.
However, QCP Capital noted that despite short-term bearish expectations, long-term sentiment among investors remains bullish, with the options market pointing to a bullish outlook on $BTC from early 2025 onwards.
Analysts added that large buyers purchased $BTC call options for March 2025 at expiration prices of $85,000, $100,000, and $120,000.
” It appears that the market is expecting volatility heading into this week's events, particularly the Trump-Harris debate (September 10) and the CPI (September 11).
Risk Reversals through October are still biased toward sell-offs in both $BTC and $ETH. However, some major institutions are using this dip as an opportunity to add to their bullish bets for December and March.”
*This is not investment advice.