QCP Capital: Trade War Remains the Biggest Uncertainty in the Market, Current Options Market Shows a Balance between Call and Put Options

BlockBeats News, February 4th, QCP Capital posted on its official channel, stating that the crypto market is still experiencing a roller-coaster ride. When news broke that the U.S. would delay imposing tariffs on Mexico and Canada by a month, hinting at a possible trade resolution, BTC briefly surged to $100,000. However, as China retaliated with new tariffs, the BTC price fell back to $98,000, showing that this relief was short-lived.

Furthermore, China has also initiated an antitrust investigation against Google, indicating that China is ready to escalate tensions by targeting major U.S. tech companies. Any resulting sanctions or restrictions could put pressure on earnings, posing significant risks to risk assets.

As BTC surged to $100,000 last night, the market also reacted to Trump's directive for officials to create a U.S. Sovereign Wealth Fund through an executive order. While some see this as a potential source of new demand for Bitcoin, details remain unclear—especially on how it would be funded. Currently, trade uncertainty continues to cloud the outlook, with the options market balanced between put and call options through March.