QCP: The long-term sentiment in the cryptocurrency market is becoming more positive, and it is advisable to adopt a wait-and-see strategy regarding the tariff situation

ChainCatcher news reports that QCP has released its daily market observation, stating that after a week of tariff brinkmanship, risk assets have begun to stabilize, breaking free from barriers that could have severely impacted US-China trade. The US imposed tariffs as high as 145% on Chinese imports, while China retaliated with tariffs of 125%, escalating tensions to a level where the market is no longer surprised by further actions. The sheer scale of these tariffs makes them more symbolic than market-driven factors, contrasting sharply with the panic triggered in the early days of "Liberation Day."

After Friday's close, the Trump administration quietly exempted smartphones, computers, and chips from the latest tariffs. Despite ongoing stalemates, risk assets are pricing in optimistic sentiment even though it seems that the US is not only negotiating with China but also engaging in a game with bond markets and itself.

In the crypto market, Bitcoin's risk reversal remained skewed towards bearish options until June, indicating that the market still appears somewhat cautious in the short term. However, long-term sentiment is becoming more positive. On Saturday, we observed aggressive buying of 800 contracts for BTC-27MAR26-100k-C. Bitcoin continues to consolidate within a range of $80K to $90K and may continue to move sideways while adopting a "wait-and-see" strategy regarding tariff developments.