QCP Capital: The BTC put option skew has recovered from the -25% panic level to the -5% pre-washout level.
PANews reported on August 12 that QCP Capital pointed out that although it has been a week since the market experienced a significant decline, and the price recovery momentum is strong, BTC is still struggling to maintain above $60,000. The BTC put option skew has recovered significantly from the -25% panic level to the -5% pre-washout level, but the market remains cautious in the short term, and the BTC put option skew will continue until September. Due to the continued positive capital inflow into BlackRock this week, it is expected that US investors will continue to provide liquidity and support. Macroeconomic factors are still crucial for the cryptocurrency market. Although Asian stock markets were supported today, some potential volatility events need to be noted, such as Musk's and Trump's interviews, and the US CPI data on Wednesday.
