QCP: The options market shows optimistic market sentiment, and this weeks macroeconomic data and corporate earnings reports will affect Bitcoins trend

CoinRank News: QCP Capital said in a statement, Last week, we emphasized the importance of monitoring the correlation between Bitcoin and gold and the stock market. Initially, as the stock market fell, Bitcoin rose with gold, showing that a strong stock market is not a necessary condition for Bitcoin to rise. In the middle of this week, Bitcoin turned and began to deviate from the trend of gold. Instead, it rose in tandem with the stock market, mainly due to the news related to 21 Capital. This swing between safe-haven assets and risky assets shows that the traditional correlation analysis framework is no longer fully applicable. Market participants are now more concerned about the durability of Bitcoins only rise but not fall trend. The options market seems to recognize this optimistic attitude. The purchase volume of call options remains high, with more than 500 $104,000 call options expiring on May 30, 2025 and 800 $135,000 call options expiring on June 27, 2025 traded on Friday. This round of Bitcoins rise is fundamentally healthier than in previous cycles. This rebound is not driven by speculative leverage, but by the adoption of traditional financial institutions. The funding rate of perpetual contracts remains stable or slightly negative, while the Bitcoin spot ETF Net inflows for six consecutive days totaled $3.1 billion. However, the sustainability of Bitcoins gains will face several key tests this week. Important macroeconomic data and corporate earnings reports may be key factors in determining whether Bitcoins only up but not down trend will continue.