Cryptocurrency market, Wait-and-see trend continues… Clear movement to hedge downside risk

Cryptocurrency trading company QCP Capital recently reported that "the cryptocurrency market is still in a wait-and-see mood." Currently, Bitcoin is continuing its sideways trend in a narrow range, and despite political remarks by President Donald Trump and macroeconomic uncertainty, market reaction is limited.

QCP stated that “the investment sentiment of market participants is in a standby state, waiting for a clear catalyst.”

Additionally, in the derivatives market, it analyzed that defensive positions against downside risk are being built.

“Risk reversal for BTC and ETH (buying put options/selling call options) is strong across June and September expirations,” indicating a signal that investors are preparing for the possibility of a short-term decline.

QCP warned that “the current market is in a tense stagnant state, but a single news, policy change, or unexpected event could cause significant volatility in the market.”