QCP Capital:BTC rose about 2.6% in early trading, but thin holiday liquidity distorted price signals. The move was driven mainly by spot and perpetual buying, not liquidations.
Deribit shows BTC perpetual funding above 30%, leaving traders short gamma. If price holds above $94,000, hedging demand could accelerate.
On the downside, December $85,000 puts were not rolled, and OI fell about 50% after expiry, suggesting markets are waiting for liquidity to return.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
QCP Capital:BTC rose about 2.6% in early trading, but thin holiday liquidity distorted price signals. The move was driven mainly by spot and perpetual buying, not liquidations.
Deribit shows BTC perpetual funding above 30%, leaving traders short gamma. If price holds above $94,000, hedging demand could accelerate.
On the downside, December $85,000 puts were not rolled, and OI fell about 50% after expiry, suggesting markets are waiting for liquidity to return.
#bitcoin #CryptoMarket