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

Planet News: QCP Capital published an article stating, "Last week, we emphasized the importance of monitoring Bitcoin's correlation with gold and the stock market. Initially, as the stock market declined, Bitcoin rose along with gold, showing that a strong stock market is not a necessary condition for Bitcoin's rise. Mid-week, Bitcoin turned and began to deviate from gold's trend, instead rising in sync with the stock market, mainly influenced by '21 Capital' related news. This oscillation between safe-haven and risk assets indicates that traditional correlation analysis frameworks no longer fully apply. Market participants are now more focused on the sustainability of Bitcoin's 'only rising' trend. The options market seems to endorse this optimistic attitude. Call option buying remains high, with over 500 call options expiring on May 30, 2025, at $104,000 and 800 call options expiring on June 27, 2025, at $135,000 traded last Friday. Bitcoin's current rally is fundamentally healthier than previous cycles. This recovery is not driven by speculative leverage but by traditional financial institution adoption. Perpetual contract funding rates remain stable or slightly negative, while Bitcoin spot ETFs have seen net inflows for six consecutive days, totaling $3.1 billion. However, the sustainability of Bitcoin's rally will face several key tests this week. Important macroeconomic data and corporate earnings reports may be crucial in determining whether the 'only rising' trend continues."