#Which Altcoin Do You Hold The Most?# As Bitcoin (BTC) and altcoins face ongoing declines, key economic data from the US is set to be released this week.



Highlighting the major events that could influence BTC and the broader market, Singapore-based crypto firm QCP Capital mentioned that the upcoming meeting between Donald Trump and Kamala Harris, along with the US CPI-PPI data, may impact market dynamics.

Analysts have warned of increased volatility this week, noting that the market remains cautious. Risk reversals for BTC and ETH are leaning toward sell-offs through October, reflecting concerns about potential further declines.

Despite these short-term bearish expectations, QCP Capital emphasized that long-term investor sentiment is still positive. The options market suggests a bullish outlook for BTC starting in early 2025.

Additionally, analysts pointed out that significant buyers have purchased BTC call options for March 2025, with strike prices of $85,000, $100,000, and $120,000.

"It seems the market is anticipating volatility around this week's events, particularly the Trump-Harris debate on September 10 and the CPI release on September 11.

Risk reversals through October remain tilted toward sell-offs in both BTC and ETH. However, some large institutions are taking advantage of this dip to strengthen their bullish positions for December and March."
BTC3.43%
TRUMP-2.09%
ETH1.89%
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