QCP Capital: BTC Spot prices are likely to continue Fluctuating in the range of $62,000-$67,000 in the short term.

According to Jinse Caijing, QCP Capital's analysis shows that after the Jackson Hole meeting, BTC exchanges saw aggressive bullish price spreads on the buy side, but there was also a significant amount of bearish options sold with exercise prices around 100,000 until March 2025. This may indicate a bullish market, but an explosive trend is not expected to occur so soon. Even if the Spot price pumps, based on the volume, the bearish options for BTC and ETH before October are higher than the bullish options, which is surprising considering the overwhelming bullish sentiment. This may indicate that the market is prepared for this trend and is quickly profiting by selling bullish options. Although the pump price plays a decisive role, the volume indicates market hesitation. With the front-end volume decreasing, the BTCSpot price is likely to continue to fluctuate in the short term within the range of $62000-67000.