QCP: Inflation concerns remain a focus, BTC struggles to break higher in the absence of catalysts in the short term
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Odaily Report: According to a post on QCP's channel, as the tariff tension escalates, inflation concerns remain the biggest concern for people. So far, the only confirmed hit is the 10% tariff on some Chinese goods. If a consensus is reached, the proposed 25% tariffs on Canada and Mexico can be avoided, and the plan to raise 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 sideways market consolidation has led to the dominance of volatility sellers, making it difficult for long volatility positions to generate returns. Cryptocurrencies are still under pressure, with SOL facing the impact of a $3 billion token unlock. Meanwhile, the latest Meme in Argentina surged $4 billion with the support of the president, only to plummet 89%, causing huge losses for thousands of investors. In addition, Strategy (Nasdaq: MSTR) did not purchase any Bitcoin last week, which is the second time its holdings have remained unchanged at 478,740 Bitcoin. However, the company plans to strengthen its Bitcoin position through a private issuance of $2 billion in convertible preferred notes. Despite these adverse factors, Bitcoin has shown resilience around $95,000 after falling to $93,000, but lacks catalysts in the short term to break through higher levels.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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