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

On November 15th, QCP Capital posted on its official channel that due to Bitcoin's strong upward trend since the US election, its target price of $100,000 to $120,000 may not be far off. When preparing for the next rise in the market, it is important to pay attention to the following trends and risk factors:

· Due to many large participants preparing for it and selling call options in the uptrend, implied volatility has been declining. As each new high is reached, the trading desk observes the market selling call options and buying put options to hedge downside risk.

· The market is still highly leveraged, especially in altcoins, with a large amount of leverage pushing perpetual funding rates (1 year) up to 50-100%. Therefore, the risk of deleveraging may be significant, especially for altcoins.

QCP Capital believes that BTC's potential strength represents a systemic shift in the market's expectation of Trump's return to the White House. Their idea of ​​launching a strategic BTC reserve and rotating from gold to BTC provides a strong bullish view that can maintain support for BTC prices.