BlockBeats News, on August 12th, QCP Capital posted on the official channel, stating that it has been a week since the encryption market experienced a sharp pullback. Despite the strong recovery in price, BTC is still struggling to maintain above $60,000. The skewness of BTC put options has significantly recovered from -25% during the panic to the level before the whipsaw (-5%), but the market remains cautious in the short term, and the skewness of BTC put options will continue until September. After the two major pullbacks in April and June this year, BTC rebounded to above $70,000 in less than a month. With continued inflows into the ETF, we expect that US investors will continue to provide liquidity and support. Macro factors are still key to the encryption market. Although Asian stock markets are stable today, there are events that may cause fluctuations that need to be followed, including Elon Musk’s interview with Trump at 8 pm (Eastern Time) tonight and the US Consumer Price Index (CPI) to be announced on Wednesday.
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