Deep Tide TechFlow News, on January 28, QCP Capital published an analysis stating that Bitcoin has rebounded to the $88,000 level after a sharp decline earlier this week. Currently, the market faces multiple key events: the Federal Reserve FOMC decision today (January 28) Eastern Time, the funding deadline on January 30 that could trigger a government shutdown, and the Senate’s discussion on the Cryptocurrency Market Structure Act.
The options market reflects asymmetric risk, with relatively controlled volatility, and the term structure still showing futures contango, indicating market expectations of volatility rather than a crash. However, the left tail risk premium is higher, and the skew remains negative, with near-term option prices acting more like hedges against gap risks.
On the fiscal front, the market is focused on whether Washington can smoothly pass the January 30 deadline. A timely agreement would reduce recent risk premiums and bring cryptocurrency performance closer to the overall market. The Federal Reserve’s decision is expected to keep interest rates unchanged, with the focus on when to restart rate cuts, which could impact the dollar’s trend and short-term risk sentiment.
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QCP: The current market focuses on the Federal Reserve decision, government shutdown, and cryptocurrency market structure legislation
Deep Tide TechFlow News, on January 28, QCP Capital published an analysis stating that Bitcoin has rebounded to the $88,000 level after a sharp decline earlier this week. Currently, the market faces multiple key events: the Federal Reserve FOMC decision today (January 28) Eastern Time, the funding deadline on January 30 that could trigger a government shutdown, and the Senate’s discussion on the Cryptocurrency Market Structure Act.
The options market reflects asymmetric risk, with relatively controlled volatility, and the term structure still showing futures contango, indicating market expectations of volatility rather than a crash. However, the left tail risk premium is higher, and the skew remains negative, with near-term option prices acting more like hedges against gap risks.
On the fiscal front, the market is focused on whether Washington can smoothly pass the January 30 deadline. A timely agreement would reduce recent risk premiums and bring cryptocurrency performance closer to the overall market. The Federal Reserve’s decision is expected to keep interest rates unchanged, with the focus on when to restart rate cuts, which could impact the dollar’s trend and short-term risk sentiment.