QCP Capital: Bitcoin volatility now favors bearish options until April, reflecting lack of upside catalysts

Odaily Planet Daily News QCP Capital posted on its official channel that following the DeepSeek action two weeks ago and last week's tariff-driven volatility. This time, Trump announced a 25% tariff on steel and aluminum, briefly disturbing the market before Powell's testimony and the release of consumer price index (CPI) data. As Mexico and Canada are among the three largest suppliers to the United States, these tariffs made last week's temporary delay full of doubts and could reignite trade tensions. Adding to the uncertainty, Trump's remarks on possible sanctions against Japan - an important ally of the United States - followed the White House's move to block Japanese steel from acquiring American steel. Commodity prices remained largely unchanged, while Asian stocks fell and Bitcoin rebounded after a brief drop to $95,000 - indicating that this was a sentiment-driven market volatility rather than a fundamental change in risk appetite. Bitcoin's volatility is now biased towards put options until April, reflecting the lack of catalysts for the rise. A feedback loop is emerging - President Trump is highly sensitive to market reactions and his stance is facing increasing market doubts. This may further encourage him and increase market volatility.