Market Awaits Catalyst Amid Middle East Tensions

According to Odaily, QCP Capital's market commentary on June 20 highlights that despite the potential for escalating tensions in the Middle East, Bitcoin's price remains stable, with investors adopting a wait-and-see approach as they anticipate a clear catalyst. The derivatives market reflects a cautious tone, with the risk reversal structure for Bitcoin and Ethereum indicating a preference for downside protection, suggesting that bulls are hedging their spot positions. Additionally, Ethereum's implied volatility for June is lower than that of September contracts, possibly indicating a decline in short-term event-driven volatility or profit-taking by some investors. QCP Capital believes that although volatility is currently low, the market is in a 'ready-to-explode' state, where any macroeconomic event, policy change, or unexpected news could trigger significant fluctuations source: https://www.binance.com/en/square/post/25866069266202?utm_source=BinanceNewsRSS