QCP Capital: BTC price rebounds, the market remains cautious in the short term.

QCP Capital pointed out that after the recent sharp market decline, the price has recovered and BTC is still struggling to stay above 60k. Although the skewness of BTC put options has recovered from -25% during the panic to -5%, the market remains cautious in the short term, and the skewness of BTC put options has continued until September. Historical data shows that after two sharp pullbacks in April and June this year, BTC recovered to above 70k in less than a month. Macro factors remain key to the crypto market.