PANews reported on March 26 that QCP Capital said that as volatility fell, risk assets continued to rebound. BTC has risen 15% since it briefly fell below $77,000 last week, outperforming most other crypto assets. At the same time, the S&P 500 index rebounded 5% to return above $5,800, and the VIX index fell from a high of 30 to 17.
QCP believes that the stock market rebound is more of a tactical repair of asset managers re-allocating risk assets rather than an improvement in macro fundamentals. At present, the uncertainty of US trade policy and political situation is still high, and the market lacks clear expectations on the scope and timetable of future tariff measures, and short-term volatility may continue.
In the crypto space, BTC may have a tactical outperformance opportunity in the short term. In addition, GameStop (GME) announced that it would include BTC in its balance sheet, a move that could stimulate retail investors’ speculative enthusiasm and recreate the market pattern of retail investors versus institutions in 2021.
