QCP: The options market shows optimistic market sentiment, and this week's macroeconomic data and corporate earnings reports will affect Bitcoin's trend

Odaily Planet Daily News QCP Capital said in an article, "Last week, we emphasized the importance of monitoring the correlation between Bitcoin and gold and the stock market. At first, as the stock market fell, Bitcoin rose with gold, showing that a strong stock market is not a necessary condition for Bitcoin to rise. In the middle of this week, Bitcoin turned and began to deviate from the trend of gold. Instead, it rose in tandem with the stock market, which was mainly affected by the news related to "21 Capital". This swing between safe-haven assets and risky assets shows that the traditional correlation analysis framework is no longer fully applicable. Market participants are now more concerned about the durability of Bitcoin's "only up and not down" trend. The options market seems to recognize this optimistic attitude. The purchase volume of call options remains high, with more than 500 $104,000 call options expiring on May 30, 2025 and 800 $13.500 call options expiring on June 27, 2025 traded on Friday. $100,000 call options. This rally in Bitcoin is fundamentally healthier than in previous cycles. This rally is not driven by speculative leverage, but rather by adoption by traditional financial institutions. Perpetual contract funding rates remain flat or slightly negative, while Bitcoin spot ETFs have seen net inflows for six consecutive days, totaling $3.1 billion. However, the sustainability of Bitcoin's rally will face several key tests this week. Important macroeconomic data and corporate earnings reports may be key factors in determining whether Bitcoin's "upwards only, not downwards" trend continues. "