Market Sentiment Shows Mixed Signals Post-Jackson Hole Meeting

According to BlockBeats, on August 26, QCP Capital released a report indicating that following the Jackson Hole meeting, their trading department observed a significant amount of bullish call spread purchases, alongside a substantial number of call option sales with a strike price around $100,000, expiring in March 2025. This suggests a bullish market sentiment, though it does not anticipate a sharp rise in the short term. Despite the increase in spot prices, the implied volatility for BTC and ETH remains skewed towards put options rather than call options until October. This is surprising given the highly bullish market sentiment. It may indicate that the market is prepared for this rise and is quickly taking profits by selling call options. While the upward price trend is clear, the implied volatility reflects market hesitation. With the volatility of short-term options declining, BTC spot prices are expected to fluctuate between $62,000 and $67,000 in the near term. Upcoming risk events, including NVIDIA's earnings report on August 28 and the U.S. Personal Consumption Expenditures (PCE) data on August 30, are not expected to bring any major surprises.