Opinion: Funds are flowing into BTC call options after the recent decline

The better-than-expected US employment data released last Friday weakened the hope of a rate cut by the Federal Reserve in September, causing a drop in the prices of Bitcoin and Ethereum. QCP Capital stated that the recent decline in Bitcoin and Ethereum prices created a "buying opportunity on dips". While other central banks are lowering borrowing costs, the Federal Reserve will find it difficult to maintain high interest rates because the market will increasingly digest the impact of at least one rate cut by the Federal Reserve. As other countries in the world continue to cut interest rates, it will be difficult for the United States to ignore this. QCP Capital added that its trading department has seen bullish fund flows during this decline, with both aggressive put option sellers and call option buyers, especially for BTC call options.