QCP: The options market shows optimistic market sentiment, and this week's macroeconomic data and corporate financial reports will affect the trend of Bitcoin

BlockBeats News: On April 28th, QCP Capital released a daily market analysis stating, "Last week, we emphasized the importance of monitoring the correlation between Bitcoin, gold, and the stock market. Initially, as the stock market fell, Bitcoin and gold rose together, indicating that a strong stock market was not a necessary condition for Bitcoin to rise. This week, Bitcoin turned around and began to deviate from the gold trend, but instead rose in sync with the stock market, mainly influenced by news related to '21 Capital'. This swing between safe haven assets and risky assets indicates that traditional correlation analysis frameworks are no longer fully applicable. Market participants are now more concerned about the persistence of Bitcoin's "only rising, not falling" trend. The options market seems to acknowledge this optimistic attitude. The buying volume of call options remains high, with over 500 $104000 call options expiring on May 30, 2025 and 800 $135000 call options expiring on June 27, 2025 traded last Friday. The current rise of Bitcoin is more healthy in terms of fundamentals than in previous cycles. This rebound is not driven by speculative leverage, but by the adoption of traditional financial institutions. The perpetual contract funding rate remained stable or slightly negative, while the Bitcoin spot ETF saw a net inflow of $3.1 billion for six consecutive days. However, the sustainability of Bitcoin's upward trend will face multiple key tests this week. Important macroeconomic data and corporate financial reports may become key factors determining whether the trend of Bitcoin's "only rising and not falling" continues