QCP: It is expected that the Federal Reserve will maintain a "wait and see" attitude, making it difficult to find positive factors for Bitcoin's rise in the short term

Odaily Planet Daily reports that QCP stated on its official channel that today marks one month since the SP500 hit a new historical high. With the latest decline, some of the largest macro hedge funds have stopped losses in this month's market crash. Millennium reported that just two teams had losses reaching $900 million, and Brevan Howard's main fund has fallen 5% since the beginning of the year, prompting traders to face stricter risk restrictions. The upcoming deadline on April 2nd is when Trump is expected to launch a new round of retaliatory tariffs, which remains the greatest pressure faced by risk assets.

Tonight's FOMC meeting will likely maintain interest rates unchanged. However, we will closely monitor for any dovish turns, especially in terms of growth and inflation expectations. As tariff impacts take several months to filter into the economy, we expect the Federal Reserve to maintain a "wait-and-see" attitude. The tariff decision on April 2nd has been announced in advance but still represents a key uncertainty.

With momentum and arbitrage trades closing out positions, Bitcoin found some support around $80k but seems incredibly fragile against a broader backdrop of macroeconomic weakness. In short term though it’s hard for us to find significant positive factors that could reverse this downturn . Our focus remains centered on capital preservation strategies so as to protect our reserves during an extended down cycle and hedge risks.