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

ME News report: On April 13 (UTC+8), U.S.-Iran negotiations broke down over the weekend, causing oil prices to once again break above the $100 level, which led the overall market to shift toward a risk-averse sentiment. Bitcoin met resistance at $74,000, while Ethereum fell back from $2,330 to $2,180. Former U.S. President Trump threatened to blockade the Strait of Hormuz to cut off Iran’s oil exports, and Iran threatened to blockade the Strait of Mandeb in retaliation, escalating risks between the two countries. China, due to large-scale imports of Iranian crude oil, has become the focal point of the situation; if a blockade occurs, U.S.-China relations could become further tense, even though the market has not fully priced this in yet. However, the crypto market has shown strong resilience: implied volatility and risk reversal indicators have both fallen back to pre-conflict levels, indicating that panic sentiment has eased. BlackRock’s IBIT saw net inflows of $612.1 million over the past week, suggesting that institutional buying has been active. The market’s focus has now shifted to the execution level of geopolitical conflict: Trump plans to kick off the blockade at 10:00 a.m. Eastern Time, and policy credibility is also an important consideration for trading. (Source: MLion)