QCP: The crypto market remains resilient under geopolitical pressure, with institutional funds continuing to flow in

ME News Report, April 13 (UTC+8), U.S.-Iran negotiations broke down over the weekend, causing oil prices to once again surpass $100, leading the market to shift towards risk aversion. Bitcoin faced resistance at $74,000, while Ethereum retreated from $2,330 to $2,180. Former U.S. President Trump threatened to block the Strait of Hormuz to cut off Iran’s oil exports, and Iran threatened to block the Strait of Mandeb in retaliation, escalating tensions between the two countries. China, due to its large imports of Iranian crude oil, has become a focal point of the situation; if a blockade occurs, U.S.-China relations could further deteriorate, although the market has not fully reflected this yet. However, the crypto market has shown strong resilience, with implied volatility and risk reversal indicators falling back to pre-conflict levels, indicating a easing of panic sentiment. BlackRock’s IBIT saw a net inflow of $612.1 million over the past week, demonstrating active institutional buying. The market’s focus has now shifted to the implementation of geopolitical conflict measures, with Trump planning to initiate the blockade at 10 a.m. Eastern Time, where policy credibility has also become an important consideration in trading. (Source: MLion)