Shenzhen TechFlow News, on August 12, QCP Capital’s latest report pointed out that since the sharp market correction last week, BTC prices have rebounded strongly, but are still struggling to remain above $60,000. BTC put option skew has significantly recovered from -25% during the panic to -5% before the washout, but the market remains cautious in the short term and expects BTC put option skew to persist before September.
In the two major pullbacks in April and June this year, BTC recovered to above 70k in less than a month. With Blackrock continuing to see positive inflows this week, QCP Capital expects liquidity and support from U.S. investors to continue.
Macro factors remain key for the crypto market. While Asian stocks are supported today, some potential volatile events to watch include Elon Musk's interview with Trump at 8 ET tonight and US CPI data on Wednesday.
