QCP: Bitcoin volatility has steadily compressed, and the market expects a more moderate price trend in the short term

QCP Capital posted an analysis that the cryptocurrency market has liquidated nearly $1 billion of positions since Friday. Even BlackRock's IBIT BTC ETF ended its record of 34 consecutive days of inflows, with outflows of $430 million. However, BTC remains surprisingly calm, and despite high volatility, it still hovers above $102,000, proving its potential support level. At present, Bitcoin volatility has steadily compressed, and risk reversals across maturities have begun to normalize, indicating that the market expects price action to be more moderate in the short term.
While some investors fled, others doubled down on their bets, such as Strategy and Metaplanet, which bought $114 million of BTC after the sell-off, bringing their total holdings to a symbolic 8,888.