Article by

Picture of Sue Ann Sim
Sue Ann Sim

Other Topics

Market Insights

New York Colour

Published April 22, 2024
1 mins read

Article by Sue Ann Sim

  • BTC’s 4th halving was completed on 19 Apr on Saturday Asia morning. Spot price inched higher over the weekend and not much else.
  • The previous three halvings saw spot price move higher exponentially only 50-100 days after the actual halving day. If this pattern is repeated this time, BTC bulls still have a few weeks to build a larger long position.
  • What we could see in the short-term is a short-squeeze led by Altcoins and Memecoins which have seen persistent negative funding , with some as deep as -100%.
  • With ETH risk reversals normalising to above -4%, improving speculative sentiment could see short covering and a resumption of leveraged longs.

Trade Ideas:
(spot ref: 66k)

1. Structurally bullish BTC
We continue to see consistent large buying of BTC calls expiring at the end of the year and beyond. We think ERKOs provide good risk-reward if you have a longer-term bullish view.

ERKO 27 Dec 2024 75/150k
Max payout: 10.52x
Price: 7130 USD per BTC

ERKO 28 Mar 2025 150/250k
Max payout: 40x
Price: 2500 USD per BTC

2. Build BTC longs in the coming weeks by buying BTC at a large discount (55k level) before the typical post-halving exponential run higher.

BTC Accumulator
Expiry: 6SEP24 (20 weeks)
Strike: 55,000 (-19.70%)
Upper Barrier: 80,000 (+10.61%)

Latest Articles

Asia Colour -

14 Jun 24

What’s next?– We are in for a quiet summer, with a lower vol environment and no catalyst to drive the market either way.– We think

June 14, 2024
1 mins read

London and New York Colour -

13 Jun 24

Our view: Trade Ideas: ETH Early Delivery Accumulator Buy ETH at 3100 (11.4% discount to spot) IMMEDIATELY for 25% of the total deployment.From the 9th

June 13, 2024
1 mins read

London and New York Colour -

11 Jun 24

Crypto markets have come under some pressure for the following reasons: 1. NFP numbers caught the market by surprise. US Treasury yields are at recent

June 11, 2024
1 mins read

Asia and London Colour -

10 Jun 24

Trade Idea:Capitalise on this dip and cheap vols. Get some topside exposure while staying protected on the downside. BTC 26JUL24 KIKOs (Knock-In, Knock-Out)Sell 63k Put

June 10, 2024
1 mins read

Asia and London Colour -

07 Jun 24

Trade Idea:With lower vols just ahead of a potential catalyst event, buying June Digital Calls could deliver outsize returns. BTC 80k 28-JunPayout is 5x if BTC

June 7, 2024
1 mins read

Asia and London Colour -

06 Jun 24

Trade Idea:With the S-1 approval delayed, we expect ETH to continue lagging in the short term but eventually outperform BTC once the ETF starts trading.

June 6, 2024
1 mins read

Exclusive insights tailored specifically for you.

Follow us to receive the latest developments in crypto derivatives.

Disclaimer

This information contained in this website is intended as a general introduction to QCP Capital and its activities as a Digital Payment Token (DPT) service provider and is for informational purposes only.

 

QCP Capital is not acting and does not purport to act in any way as an advisor or in a fiduciary capacity vis-a-vis any counterparty. Therefore, it is strongly suggested that any prospective counterparty obtain independent advice in relation to any trading investment, financial, legal, tax, accounting or regulatory issues discussed herein. This website is only directed at informed and qualified investors. Your entry to this website attests that you are fully aware that trading of DPTs is not suitable for the general public and that you are an informed and qualified investor, and are also fully cognisant of all technological and financial risk(s) associated with trading Digital Payment Tokens.

 

In the event you intend to onboard with QCP Capital to trade in DPTs, by onboarding with us you acknowledge that you are aware of any rules and/or regulations applicable to the provision of DPT and/or financial services, the high degree of risk involved and that in no event will QCP Capital or any if its directors or employees be liable for any injury loss, claim or damage (whether direct, indirect, consequential or incidental) arising either directly or indirectly out of, or in any way connected with, the site, or its use.

 

If you are located, incorporated, or otherwise established in, or a citizen or resident of certain jurisdictions, QCP Capital may be unable to, or otherwise reserve its right to refuse to engage in or establish a trading relationship with you. Please contact us if you believe you have received this notice in error. QCP Capital is not registered or licensed to operate in the states of Louisiana and New York and will not be able to establish a trading relationship with you if you are resident, incorporated or have your principal place of business in New York or Louisiana.

 

You also acknowledge that you understand that trading in payment token derivatives (“PTD”) are also not any less risky than trading in DPTs. PTD services are not regulated by the MAS and QCP Capital is as such not licensed under the MAS to provide PTD services. You should only trade in PTDs if you are an Accredited Investor and/or have sufficient experience and knowledge in trading PTDs.

 

Risk Warning on Digital Payment Digital Services
The Monetary Authority of Singapore (MAS) requires us to provide this risk warning to you as a customer of a digital payment token (DPT) service provider.

 

Before you pay your DPT service provider any money or DPT, you should be aware of the following.

 

Your DPT service provider is an exempt payment services provider pending licensing under the Payment Services Act (2019) to provide DPT services. Please note that this does not mean you will be able to recover all the money or DPTs you paid to your DPT service provider if your DPT service provider’s business fails.

 

You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by your DPT service provider.

 

You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.

 

You should be aware that your DPT service provider, as part of its licence to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.