QCP: War Risks Subside, Market Shifts to Risk-On Mode

Odaily Planet Daily reported that QCP released an analysis today stating, “Despite Israel resuming limited airstrikes just hours after a temporary ceasefire, financial markets have remained largely unaffected. Rather than entering a ‘risk-off’ mode, the market has fully shifted toward ‘risk appetite’—the Nasdaq 100 has reached a new all-time high, and the S&P 500 is now less than 1% away from its record closing high set in February 2020. Meanwhile, oil prices have completely retraced to pre-conflict levels, further fueling the shift in market sentiment.
Among S&P 500 constituents, Coinbase (COIN) surged 12% on Tuesday, closing at $344.94, its highest level in over six months. On the other hand, institutional interest in Bitcoin continues to rise. The ProCap fund managed by Anthony Pompliano has drawn market attention after recently purchasing $386 million worth of Bitcoin. This move is a clear strategy to use Bitcoin as a ‘corporate treasury reserve asset.’ Since early June, the number of companies adding Bitcoin to their balance sheets has nearly doubled, with over 240 enterprises now collectively holding 3.45 million BTC. If this trend continues, Bitcoin could not only rival gold as a macro hedge but may even compete in terms of total market capitalization. In this environment where macro, military, and monetary forces converge, traditional risk premiums are shifting from ‘hedging tools’ to ‘market baseline assumptions.’ The market’s resilience to geopolitical volatility is undergoing an unprecedented test.”