According to BlockBeats, crypto market maker QCP Capital pointed out in its latest market report that the bearish skewness in ETH risk reversals they highlighted on Friday has proven to be an accurate early indicator of declines. QCP believes that the reason for this phenomenon may be that speculators holding long positions in altcoins will buy ETH put options for hedging, which makes ETH options more sensitive to changes in crypto market sentiment. Last night, news that Iran threatened to retaliate against Israel triggered a sell-off in risky assets around the world. BTC fell to $65,100, ETH fell to $3,100, and altcoins generally fell by 20-30%. This change caught the market off guard, and the perpetual contract funding rate was once pressed to a negative range of less than -40%, the lowest level so far this year. After this decline, BTC once again returned to the center of the tight range of $64,000 to $73,000. Although there is still about a week before BTC halving, QCP expects that it may be difficult to break through this range in the short term. QCP recommends that investors consider using CFCC products to cope with the current market.