Cryptocurrency enthusiasts are rejoicing as QCP Capital, a prominent crypto asset trading firm in Singapore, maintains its bullish stance on Bitcoin (BTC) and Ethereum (ETH). Despite a lack of interest in traditional market fluctuations and macroeconomic headlines, QCP Capital remains optimistic about the leading cryptocurrencies.
Bitcoin & Ethereum’s Optimistic Outlook
According to the telegram post, the latest market update reveals that Bitcoin and ETH have significantly reduced their correlation with traditional macro drivers such as the USD and equities, with the correlation almost reaching zero.
While the overall market has been relatively subdued and moving sideways following the XRP ruling’s surge earlier this month, there is a growing expectation of heightened volatility and a potential surge in BTC prices towards the year-end and next year. Traders are closely monitoring the Blackrock spot ETF ruling and the Bitcoin Halving, anticipating potential significant price movements.
Interestingly, amidst this sideways market, a strategy called “Accumulators” has garnered attention for its impressive performance. Available exclusively to professional and accredited investors, Accumulators provide a zero-cost approach to acquire BTC or ETH weekly at a 10% discount to the spot price within a predetermined range. If the spot price moves outside of this range, the purchase is halted, ensuring a protective mechanism for investors.
This strategy appeals to investors looking to systematically accumulate coins at discounted rates in preparation for major price shifts. Institutional and accredited investors have already embraced Accumulators to build their coin balance ahead of substantial price moves.
For instance, an investor who initiated an Accumulator trade last month at $26.6k and $1,750 spot reference has consistently purchased coins at $24k and $1,570 as long as BTC and ETH trade below $30k and $1920 for the week.
Based on the most recent price analysis, Bitcoin is presently valued at $29,403.93, having experienced a 0.41% increase over the past 24 hours. On the other hand, ETH is currently priced at $1,866.05, reflecting a decrease of 0.48% in the last 24 hours.
The present market conditions appear even more favorable for implementing such a strategy, with the investor potentially receiving coin deliveries at approximately $26.5k and $1680 weekly for up to the next 20 weeks.
Nevertheless, as crypto enthusiasts eagerly await the predicted price surges, Accumulators presents a compelling opportunity for sophisticated investors to secure discounted coin acquisitions before the market makes its decisive moves.
Related Reading | Litecoin Halving Sparks Aggressive Accumulation Among Key Traders, Santiment Reports