According to BlockBeats, on October 5, QCP Capital posted on its official channel that a conflict between Iran and Israel occurred this week, and the market expects Israel's retaliation to be more severe, targeting key infrastructure such as Iran's nuclear facilities or oil facilities. In addition, non-agricultural data reflects a strong labor market, coupled with the possibility of further interest rate cuts later this year, boosting risky assets and allowing BTC to regain $62,000.
As time goes into the fourth quarter, option market activity continues to grow, and demand for December call options is still increasing, highlighting the market's bullish view for the end of the year. Although QCP Capital still believes that macro data still supports the "Uptober" view. However, before the US election, geopolitical risks are the biggest hidden danger. QCP Capital prefers to lock in yields at current levels, take profits, and prepare for the end-of-year rise.
