TechFlow news: On August 12, a new report from QCP Capital indicated that since last week's significant market correction, BTC has rebounded strongly but continues to struggle to sustain above the $60,000 level. The BTC put option skew has notably recovered from its panic-level low of -25% to a pre-drawdown level of -5%. However, market sentiment remains cautious in the short term, with expectations that BTC put skew will persist through September.
During the two sharp corrections in April and June this year, BTC recovered to above 70k within less than a month. With Blackrock continuing to see positive fund inflows this week, QCP Capital expects ongoing liquidity and support from U.S. investors.
Macro factors remain key for the crypto market. Although Asian equities were supported today, potential volatility events to watch include Elon Musk's interview with Trump at 8:00 AM Beijing time tomorrow and Wednesday's U.S. CPI data.
