QCP: Cryptocurrency market's short-term gains are limited as the market awaits Trump's next move in trade war

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ODAILY
03-27
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Planet News: QCP stated in its channel: "Trump escalated tensions by announcing a 25% tariff on car imports, planned to take effect from April 3rd, and implementing long-expected retaliatory tariffs against the United States' largest trading partners. Any further retaliation from these target economies could inject new uncertainty into an already volatile global trade environment. It can be anticipated that Japanese and Korean stock markets will generally decline, with automotive stocks being the hardest hit. In the crypto market, despite some notable catalysts, sentiment remains low. GameStop unexpectedly plans to raise $1.3 billion for Bitcoin allocation but failed to boost overall market sentiment. The only highlight is the continued fund inflow into Bitcoin ETF, totaling $944.9 million since the March 14th expiration. In contrast, ETH ETF experienced a $112.1 million fund outflow during the same period, demonstrating the divergence of institutional confidence. On-chain developments bring a glimmer of hope for ETH. Looking forward to tomorrow's options expiration, $12.2 billion worth of BTC options will expire at the maximum pain point of $85,000. BTC has started sliding from Monday's highs, with front-end volatility for both BTC and ETH dropping by 10 volatility points. Spot trading remains flat, and open interest continues to decline, indicating a lack of optimism in the market recently. PCE data will be released tomorrow, and we believe upward space remains limited in the short term, with the market awaiting Trump's next move in this escalating trade war."

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