TechFlow reports that on April 16, crypto market maker QCP Capital noted in its market report that although Asian markets rebounded following Hong Kong's approval of Bitcoin and Ethereum ETFs, the U.S. market saw a broad sell-off in risk assets, pushing Bitcoin below $63,000 again. Market sentiment remains tense, with Ethereum’s risk reversal indicator showing an extremely negative reading (-12%), and a bearish Gamma positioning in Ethereum that could amplify price volatility. QCP recommends strategies with high convexity and zero downside risk, such as shark fin products. With a reference price of $3,100, a bullish Ethereum shark fin offers a maximum annualized return of 57% if the price at expiry is between $3,500 and $3,900; a bearish shark fin offers up to 54% annualized return if the price falls between $2,500 and $2,800. Outside these ranges, the principal is fully returned.
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