QCP: Bitcoin Volatility Steadily Compresses, Market Expects Mild Price Movement in the Short Term
According to a report by Jinse Finance, QCP Capital's analysis pointed out that nearly $1 billion in positions have been liquidated in the cryptocurrency market since Friday. Even BlackRock's IBIT BTC ETF ended its 34-day inflow streak, with an outflow of $430 million. However, BTC has remained remarkably calm, hovering above $102,000 despite significant volatility, demonstrating its potential support level. Currently, Bitcoin's volatility is steadily compressing, and risk reversals across different maturities have begun to normalize, indicating that the market expects a relatively mild price movement in the short term. While some investors are fleeing, others are doubling down, such as Strategy and Metaplanet, who are evidently undeterred. Metaplanet, for instance, purchased an additional $114 million worth of BTC after the sell-off, bringing its total holdings to a symbolic 8,888 BTC.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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