Odaily News QCP posted on its channel that as tariff tensions escalate, inflation concerns remain the top concern. So far, the only certain blow is the 10% tariff on some Chinese goods. If a consensus is reached, the proposed 25% tariff on Canada and Mexico can be avoided, and the planned increase in steel and aluminum tariffs from 10% to 25% will take effect on March 12. However, the market has largely digested these risks. Although uncertainty remains, the stock market continues to rise and the VIX futures structure remains stable. The slow decline in the market's sideways consolidation has led to volatility sellers dominating, while long volatility positions have difficulty generating returns.
Cryptocurrencies remain under pressure, with SOL facing a $3 billion token unlock. Meanwhile, Argentina’s latest meme surged by $4 billion on the back of the president before plummeting 89%, leaving thousands of investors with huge losses.
Additionally, Strategy (NASDAQ: MSTR) did not purchase any Bitcoin last week, leaving its holdings unchanged for the second time at 478,740 BTC. However, the company plans to strengthen its Bitcoin position through a private offering of $2 billion in convertible senior notes. Despite these headwinds, Bitcoin has remained resilient around $95,000 after falling to $93,000, but is struggling to break higher in the absence of catalysts in the short term.