QCP: BTC has returned above $80k, but the options market has not yet confirmed the breakout

Deep Tide TechFlow News, May 6th, QCP released a market analysis indicating that as Trump paused the “Project Freedom” operation, the geopolitical risk premium has receded, oil prices have fallen, U.S. stocks have risen, and the dollar has weakened, with BTC returning above $80k. It is viewed as a high-beta asset performance driven by improved liquidity, a softer dollar, and increased risk appetite. However, the options market has not yet confirmed a full breakout, with the 1-month at-the-money implied volatility around 41%, front-end volatility weakening, and the 30-day risk reversal still at about negative 5.5 volatility, indicating elevated put protection. QCP also warns that the Japanese market is becoming a new macro pressure point; if the yen continues to weaken and Japanese government bond yields rise, it could marginally tighten global liquidity. Currently, BTC needs to effectively break through the $82k to $83k range.

BTC0.13%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin