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

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ME News, July 20 (UTC+8). According to QCP Market, driven by the Middle East situation and hawkish expectations for the US Federal Reserve, global market sentiment has shifted toward risk aversion. Oil prices surged significantly after the US imposed a maritime blockade on Iranian ports. Brent crude returned above $85 per barrel and posted a weekly gain of more than 10%. In US stocks, the semiconductor sector led the decline; capital moved out of high-beta AI technology stocks and into defensive and energy sectors. BTC has been consolidating narrowly in the $63k to $65k range, while ETH continues to underperform. After approximately $8 billion of net outflows from Bitcoin ETFs earlier, they recorded four consecutive days of net inflows. Options implied volatility was compressed; ahead of the FOMC, late-month BTC upside option demand put market makers in an upside gamma short position. (Source: PANews)
BTC2.03%
BZ1.91%
ETH1.00%
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