Cryptocurrency analytics firm QCP Capital has highlighted a growing bullish trend in the options market and a potential further uptrend in the crypto space. QCP Capital noted that options market data has been trending upward, indicating strong demand for high-delta Bitcoin call options from February to April. This increase in demand is likely due to short-term optimism stemming from recent comments by former US President Donald Trump and speculation about potential strategic Bitcoin reserves. Additionally, the 25 Delta implied volatility, a key options market metric, has shifted higher across all maturities, reinforcing the view that the market is preparing for the next phase of the bull run, according to the analyst firm. QCP Capital also noted macroeconomic developments following Trump’s announcement of new tariffs. Trump announced plans to impose tariffs of 25% or higher on pharmaceuticals and semiconductor chips, but did not specify a timeline. However, companies could avoid these tariffs by moving operations to the US. Related News: Pi Coin (PI) Clarification from Bybit CEO - He Openly Said "I Will Never List It", Explains Why Trump also addressed U.S. auto exports, citing unfair trade practices and confirming that auto tariffs will go into effect on April 2. These policies could impact global markets and have potential ripple effects on cryptocurrencies and other risk assets, according to the analytics firm. Since Trump’s return to the political scene, altcoins have been gaining more traction, with the US Securities and Exchange Commission (SEC) filing a number of altcoin-related ETF applications. Among these, the application for an XRP ETF stands out, especially after Brazilian regulators approved the world’s first spot XRP ETF. While it remains unclear whether Trump’s policies will accelerate crypto ETF approvals in the U.S., QCP Capital suggests that a pro-crypto stance from his administration could pave the way for more developments in 2025. Considering these factors, QCP Capital claims that the bullish momentum in the crypto market will continue and the next phase of the bull cycle will potentially emerge in the coming months. *This is not investment advice. Continue Reading: Analysis Company Predicts the Course of Bitcoin and Altcoins in the Coming Days: “More in the New Round…”
