What is the Latest Situation for Bitcoin (BTC)? Where Are the Option Data Pointing?

Cryptocurrency analysis company QCP Capital published an important analysis of Bitcoin’s performance and the general mood in the market last weekend in its latest evaluation report.

Bitcoin held its price over the long holiday weekend before reaching a new all-time weekly close, reaching as high as $109,700 during low-volume trading on Sunday, according to the report.

This rise came despite the transfer of around $8.5 billion worth of BTC by eight old Bitcoin wallets that went into action on Saturday. It was reported that $4.3 billion worth of BTC was sold in the middle of the week, and the price was around $108,000 at the time. QCP Capital said that these large-scale “bearish” transactions were largely ignored by the market, while “bullish” scenarios found strong buyers.

It was stated that TON’s “Golden Visa” rumors, which were denied by the United Arab Emirates authorities, and Elon Musk’s criticism of fiat money, along with his announcement of a new political formation called “The American Party”, also contributed to the rise in the market.

QCP Capital also noted that large investors such as Metaplanet and Strategy continued to make strategic purchases throughout the weekend. However, due to new sell orders from these large wallets, the price could get stuck in the current range and implied volatility could drop to record lows.

However, it is stated that a new increase in volatility may occur if the $ 110,000 resistance level is clearly broken. It is observed that institutional investors are showing interest in September term $ 130,000 call options and continue to maintain $ 115,000/140,000 call spread positions. According to QCP Capital, this situation points to a structurally optimistic picture for the third quarter of 2025.

*This is not investment advice.

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