PANews reported on March 26 that QCP Capital stated that as volatility declines, risk assets continue to rebound. BTC has risen 15% since briefly falling below $77,000 last week, outperforming most other crypto assets. Meanwhile, the S&P 500 index rebounded 5%, returning above $5800, and the VIX index dropped from a high of 30 to 17.

QCP believes that the stock market rebound is more of a tactical adjustment of risk asset allocation by asset managers, rather than an improvement in macro fundamentals. Currently, the uncertainty surrounding US trade policies and political situations remains high, with the market lacking clear expectations about the scope and timeline of future tariff measures, and short-term volatility may persist.

In the crypto space, BTC may have a tactical outperformance opportunity in the short term. Additionally, GameStop (GME) announced the inclusion of BTC in its balance sheet, which may spark speculative enthusiasm among retail investors, potentially recreating the market landscape of retail investors confronting institutions seen in 2021.