QCP Capital: Trade uncertainty persists, options market bearish in line with bullish

QCP Capital stated on the official TG channel that the cryptocurrency market is still in a roller coaster-like state. After news that the US would postpone tariffs on Mexico and Canada for a month, hinting at possible trade mediation, BTC briefly rebounded to $100,000. However, as China retaliated with new tariffs, BTC prices fell back to $98,000, and this relief was short-lived.

 

In addition, China has launched an Anti-Trust investigation against Google, indicating that China is prepared to escalate tensions by targeting major US technology companies. Any resulting sanctions or restrictions could put pressure on earnings and pose significant risks to risky assets.

 

As BTC climbed to $100,000 last night, the market also reacted to Trump's executive order instructing officials to create a US sovereign wealth fund. While some see this as a potential source of new demand for Bitcoin, details remain unclear - especially about how to fund it. Currently, trade uncertainty continues to cloud the outlook, and as of March, the options market is currently balanced between put options and bullish options.