QCP Capital: BTC put option skew has recovered from -25% during the panic to -5% before the wash

QCP Capital pointed out that it has been a week since the market experienced a significant decline. Although the price has rebounded strongly, BTC is still struggling to maintain above $60,000. The bearish bias of BTC put options has significantly recovered from -25% during the panic to -5% before the washout, but the market is still cautious in the short term, and the bearish bias of BTC put options will continue until September. Due to the continued positive inflow of funds from BlackRock this week, it is expected that American investors will continue to provide liquidity and support. Macro factors are still crucial to the cryptocurrency market. Although Asian stock markets received support today, some potential volatility events need to be watched, such as interviews with Musk and Trump, as well as US CPI data on Wednesday.