QCP Capital: The bearish skew of BTC options has recovered from -25% during the panic period to -5%

The latest report from QCP Capital indicates that since the significant market correction last week, BTC price has rebounded strongly but is still struggling to maintain above the $60,000 level. The skew of BTC put options has significantly recovered from -25% during panic times to -5% before wash trading, but the market remains cautious in the short term and expects a persistent skew of BTC put options until September. In two major corrections in April and June this year, BTC recovered to over 70k within less than a month. With Blackrock's continued positive fund inflows this week, QCP Capital anticipates ongoing liquidity and support from US investors.