QCP Capital: BTC Temporarily Holds $60,000 Level, Market Focus on US Inflation Data and SpaceX IPO

Odaily reported that according to the latest market report from QCP Capital, South Korea's KOSPI index once plunged 8.4% due to a cooling of AI trading and foreign capital selling of semiconductor stocks, triggering a circuit breaker mechanism and putting pressure on global risk market sentiment.

In the crypto market, BTC has temporarily held the $60,000 level after last week's significant correction. However, the options market remains cautious, with implied volatility for short-term options rising and demand for put options continuously increasing. QCP noted that strong US employment data, the USD/JPY pair returning above 160, escalating tensions in the Middle East, and the upcoming US CPI data are all keeping investors on alert.

Additionally, the market is still focused on uncertainties related to Strategy and the impact of STRC dividend coverage issues on market sentiment. QCP believes the current market focus is on whether BTC is forming a bottom above $60,000 or merely stabilizing temporarily before facing the next round of macro risk tests.

Key events this week include: US CPI data on June 10, US PPI data on June 11, and the anticipated SpaceX IPO on June 12.