Don't be deceived by the 'calm'; the market is holding its breath, ready to explode! QCP: This is not sideways movement, it's accumulation!
QCP Capital's comments today are a bit harsh—what you see as Bitcoin's sideways movement may not be stability, but rather the one second of silence before a volcanic eruption.
The situation in the Middle East remains tense, but Bitcoin seems unaffected, remaining motionless. Investors appear calm on the surface but are actually waiting for a catalyst that can ignite the market.
The derivatives market has already shown its cards:
– The risk reversal structure for Bitcoin and altcoins is quietly shifting to defense, indicating that bulls are not foolish; they are hedging their spot positions, fearing the next spike.
– Interestingly, the implied volatility for ETH in June is actually lower than that in September. Either the sentiment is too cold, or smart money is securing profits early.
QCP believes that the current low volatility is not a symbol of comfort, but rather 'the calm before the storm.' Once macro data, policy direction, or an unexpected black swan event occurs, market volatility will be instantly ignited.
In simple terms, this isn't a market that is too quiet; it’s that the entire market is holding back, waiting for a reason to fire.
Now the question arises—
Are you ready to face this pent-up fire?
Or have you already taken insurance in advance and are lying back to watch the show?
Don't say I didn't warn you; the market won't always give you time to choose.
