TechFlow reports that on April 22, QCP released a market analysis stating that BTC rebounded from an overnight low near $75,000 to approximately $78,000. However, this rally appears more like a relief-driven correction following easing risk sentiment, rather than signaling the start of a new market phase. The report notes that Trump’s unilateral extension of the ceasefire with Iran has reduced expectations of near-term escalation in hostilities; however, the Strait of Hormuz remains largely closed, and Iran’s position remains unclear. Meanwhile, oil prices have held near $100 per barrel, resulting in simultaneous inflationary pressures and slowing growth. QCP also observed that BTC open interest has risen noticeably, while funding rates remain negative—indicating that short sellers are still adding positions amid the rally. Overall, the options market continues to price in range-bound conditions rather than trend continuation.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
