QCP Capital: The LIBRA "runaway" scandal may suppress the market for altcoins and meme coins, while the options market is watching for policy changes

2025-02-17 17:07:34

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ChainCatcher message, QCP Capital's latest analysis points out that as the market continues to consolidate, Bitcoin's market dominance has risen to about 60%, nearing a four-year high, while ETH and other altcoins have continued to underperform. The analysis indicates that the recent "runaway" scandal involving Argentina's President Milei and the LIBRA project may impact the development of similar projects and suppress the performance of altcoins and meme coins.

The report emphasizes that despite numerous uncertainties in the macro environment, the implied volatility of cryptocurrencies and the VIX remain low, indicating that the options market is waiting for specific policy changes rather than just focusing on positive rhetoric. Currently, most trading is concentrated on recent volatility selling or range trading, rather than betting on significant breakout trends.

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