QCP Capital points out that global market risk is shifting from geopolitical news driven to fundamental execution risk, despite Brent crude oil prices falling below $80 per barrel, shipping in the Strait of Hormuz remains disrupted. The Federal Reserve System of the United States has released a signal of maintaining high interest rates for a longer period of time, with the median interest rate forecast for 2026 rising to 3.8%. Strategy continues to increase its holdings of Bitcoin, and with spot prices below holding costs, Strategy's financing pressure is rising.
