QCP: Oil prices and expectations for the Federal Reserve are squeezing risk assets, while BTC trades in a narrow range

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PANews July 20日消息, QCP Market said that amid the impact of the Middle East situation and the Federal Reserve’s more hawkish expectations, global market sentiment has shifted toward risk aversion. Oil prices surged significantly after the U.S. imposed a maritime blockade on Iranian ports; Brent crude returned to above $85 per barrel and recorded a weekly gain of more than 10%. In U.S. stocks, the semiconductor sector led the decliners, with capital rotating out of high-beta AI tech stocks and into defensive and energy sectors. BTC traded in a narrow range of $63k to $65k, while ETH continued to underperform. After about $8 billion in net outflows from Bitcoin ETFs earlier, they recorded four consecutive days of net inflows. Options implied volatility was suppressed; ahead of the FOMC, demand for BTC upside options during the latter part of last month left market makers positioned as upside-gamma shorts.

BTC1.62%
BZ2.37%
ETH1.51%
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