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QCP Capital: Bitcoin volatility is now leaning towards bearish options until April, reflecting a lack of upward catalysts

QCP Capital: Bitcoin volatility is now leaning towards bearish options until April, reflecting a lack of upward catalysts

Bitget2025/02/10 10:13

QCP Capital announced on its official channel that, following the DeepSeek operation two weeks ago and last week's tariff-driven fluctuations.

This time, Trump announced a 25% tariff on steel and aluminum, briefly disturbing the market before Powell's testimony and the release of Consumer Price Index (CPI) data. 

As Mexico and Canada are one of the top three suppliers to the United States, these tariffs cast doubt on last week's temporary delay, potentially reigniting trade tensions.

Adding further uncertainty is Trump's remarks about possible sanctions against Japan - a key ally of the United States - following White House efforts to block Japanese steel acquisitions in American steel. 

Commodity prices remained largely unchanged while Asian stock markets fell. Bitcoin briefly dropped to $95,000 before rebounding - indicating this was an emotion-driven market fluctuation rather than a fundamental change in risk preference. Bitcoin volatility now leans towards put options until April reflecting lack of upward catalysts.

A feedback loop is emerging - President Trump is highly sensitive to market reactions and his stance faces increasing market scrutiny. This could further encourage him, increasing market volatility.

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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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