QCP: Bitcoin Cautiously Rebounds Amid Ongoing Turbulence Risks

AirdropBlackHole · 2026-04-08T10:31:18+00:00

QCP's market outlook notes Bitcoin's rise to over $71,000 due to a U.S.-Iran ceasefire, but warns it's an unstable increase driven by short-term events. The market remains cautious amid geopolitical tensions and mixed economic indicators, with the upcoming CPI being crucial for future direction.

AirdropBlackHole

2026-04-08 10:31:18

Abstract generation in progress

On April 8, QCP released a market outlook stating that Bitcoin has risen above $71,000 due to a two-week ceasefire agreement between the U.S. and Iran. However, this ceasefire is conditional and has not led to a lasting resolution. The options market indicates that this recent increase is more akin to an event-driven squeeze, with front-end BTC implied volatility decreasing, yet skew deepening and demand for downside puts remaining strong. The term structure remains in contango, indicating that the market has not abandoned hedging. QCP believes that the current market caution is justified. Recent attacks on Saudi energy infrastructure highlight that even with shipping recovery, turbulence risks persist. The macroeconomic situation remains complex. While U.S. employment data has rebounded, underlying labor indicators are weakening, forcing the Federal Reserve to balance between sluggish economic growth and a resurgence of energy-driven inflation. This week’s Consumer Price Index will be the next critical test.

BTC4.72%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes