QCP: BTC rebounds to around $78k, but still remains a sentiment-driven correction rather than a trend reversal

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ChainCatcher news, QCP indicates that BTC rebounded from an overnight low near $75k to around $78k, but this rally seems more like a correction after risk sentiment eased rather than the market entering a new phase.

The report points out that Trump unilaterally extended the Iran ceasefire, reducing the short-term conflict escalation expectations, but the Strait of Hormuz remains largely closed, and Iran’s stance is still unclear. Meanwhile, oil prices stay around $100 per barrel, causing inflation pressures to coexist with slowing growth. QCP also states that open interest in BTC contracts has significantly increased, and funding rates remain negative, indicating that bears are still adding to their positions; the options market overall is still pricing in volatility rather than a trend continuation.

BTC4.26%
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