QCP Capital pointed out that the cryptocurrency market is currently in a wait-and-see state, and despite the rising geopolitical risks in the Middle East, BTC prices are still fluctuating sideways. The derivatives market shows a more cautious sentiment, with risk reversal preferences for BTC and ETH continuing to lean towards downside protection, indicating that investors are hedging against potential pullbacks. The implied volatility of ETH's flat options in June is lower than that in September, and short-term events are driving the risk premium back down. The market is like a tightly compressed spring, waiting for the next macro or geopolitical event to trigger volatility. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=44298