QCP: The cryptocurrency market is experiencing range volatility, and option pricing shows a lack of breakthrough momentum

QCP Market Colour stated that Bitcoin has returned to $65000 after Strategy increased its holdings of 520 BTC and raised its cash reserves to $1.4 billion, with its dividend coverage period extended to nearly 10 months. The Nasdaq fell about 1%, and the strengthening of the yen sparked speculation in the market about the Bank of Japan's intervention, with the Russell 2000 index hitting a historic high. The cryptocurrency market is in a range of fluctuations, with the situation between the United States and Iran, the financing structure of Strategy, and the policy path of the Federal Reserve suppressing sentiment. This week's PCE inflation data and quarter end rebalancing have brought fluctuations, and the options market shows a lack of catalyst to push the market to break through.