QCP Capital: Altcoins may face deleveraging risks, and Bitcoin has strong price support under the "Trump market"

QCP Capital said in a post on its official channel that given Bitcoin's strong upward trend since the US election, it believes that the target price of $100,000 to $120,000 may not be far away. As the market prepares for the next rise, it is important to pay attention to the following trends and risk factors: - Implied volatility has been falling as many large players prepare for it and sell call options on the rise. With each new high, the trading desk observed that the market was selling call options and buying put options to hedge downside risks. - The market is still highly leveraged, especially in altcoins, and a large amount of leverage has pushed the perpetual funding rate (1 year) to 50-100%. So especially for altcoins, the risk of deleveraging may be considerable. QCP Capital believes that the potential strength of BTC represents a systemic shift in the market in anticipation of Trump's return to the White House. His idea of ​​launching a strategic BTC reserve and rotating from gold to BTC provides a strong bullish view that can keep BTC prices supported.