QCP: Inflation concerns persist, and SOL hedging trades related to FTX are putting pressure on BTC and ETH
ChainCatcher news, QCP Capital's latest analysis points out that as tariff tensions escalate, market concerns about inflation continue. Currently, some Chinese goods have been confirmed to be subject to a 10% tariff, while the proposal for a 25% tariff on Canada and Mexico is still under negotiation. The steel and aluminum tariffs are set to increase from 10% to 25% on March 12. Although the market has absorbed these risks, the stock market continues to rise, the VIX term structure remains flat, and volatility sellers dominate the market.The crypto market is under pressure, with Solana attracting attention ahead of the unlocking of 30 million tokens on March 1. SOL hedging trades related to FTX are putting pressure on BTC and ETH. The Argentine meme coin LIBRA surged to a market cap of $4 billion after presidential endorsement, then plummeted 89%, resulting in significant losses for investors.MicroStrategy (MSTR) did not purchase Bitcoin last week, maintaining its holdings at 478,740 BTC, but plans to enhance its Bitcoin position through a $2 billion convertible preferred note private placement. Bitcoin has remained around $95,000 after dropping to $93,000, lacking short-term catalysts, making it difficult to break through resistance.