QCP: U.S.-Iran Negotiations Breakdown Sparks Risk Aversion, Bitcoin Faces Resistance at $74,000
Odaily News QCP's latest market report indicates that the breakdown of U.S.-Iran negotiations over the weekend pushed crude oil prices back above $100, dampening market risk appetite. In the crypto market, Bitcoin encountered resistance near $74,000, while Ethereum retreated from $2,330 to $2,180, reflecting short-term adjustments in expectations.
The report stated that Trump's remarks proposing a blockade of the Strait of Hormuz, combined with potential signals of disruption from Iran, have increased geopolitical uncertainty. However, the market remains in a wait-and-see mode regarding actual implementation. Meanwhile, implied volatility in the crypto market has retreated to pre-conflict levels, suggesting that the market is gradually digesting the associated risks.
On the capital flow front, Bitcoin ETFs continue to see net inflows, with IBIT recording approximately $612 million in net inflows last week. Market focus is shifting from policy statements to actual execution.
