TechFlow News: On June 3, QCP released its latest market commentary, noting that BTC has recently faced downward pressure, declining approximately 11.6% over the week and failing to reclaim key momentum levels. The report highlights that Strategy sold 32 BTC in late May to pay dividends on its preferred shares—an action relatively small in scale but sufficient to weaken its market narrative as a structural BTC buyer.
Meanwhile, escalating tensions in the Middle East have driven oil prices higher, and stronger-than-expected U.S. job openings data have reduced market expectations for near-term Federal Reserve rate cuts. In the options market, the 30-day at-the-money implied volatility rose to approximately 41.4; the front-end term structure shows a mild inversion, and risk reversals are significantly negative—indicating persistent demand for downside protection.
