Bitcoin Holding Strong Despite Global Tensions
According to QCP Capital, Bitcoin is showing strong resilience even as geopolitical tensions and rising oil prices push global markets into a defensive mode.
Options data suggests that fear of a sharp crash has eased, with put skew moderating compared to last week. Instead of betting on a one-sided drop, traders are positioning for continued volatility, with strategies like April straddles gaining attention.
At the same time, large open interest around $75K and $125K call options indicates that market optimism toward Bitcoin is slowly returning.
Key macro events this week — CPI, jobless claims, and Core PCE — could shape the next move for risk assets.
#BTC☀️ $BTC
{spot}(BTCUSDT)