QCP says BTC rebounded from ~$75K to ~$78K on Trump’s ceasefire extension easing risks, but the move remains a relief rally, not a trend shift; with the blockade ongoing, oil near $100, and Iran’s stance unclear, macro uncertainty persists; Warsh’s remarks signal a more…
QCP says BTC rebounded from ~$75K to ~$78K on Trump’s ceasefire extension easing risks, but the move remains a relief rally, not a trend shift; with the blockade ongoing, oil near $100, and Iran’s stance unclear, macro uncertainty persists; Warsh’s remarks signal a more data-dependent Fed, with no material rate repricing; rising open interest and negative funding show continued short buildup, leaving squeeze risk; derivatives markets price consolidation, indicating limited institutional conviction. — link