performance

QCP: Both cryptocurrency and stock markets recorded their worst quarterly performance in three years

ChainCatcher news, QCP recently released a market analysis stating that Bitcoin, Ethereum, and the S&P 500 index have just recorded their worst quarterly performance in three years, with the cryptocurrency market capitalization evaporating by over $160 billion since Friday. The pullback on Friday was attributed to the expiration of quarterly options, leading traders to actively sell, causing perpetual contract funding rates to turn negative. Meanwhile, core inflation data came in higher than expected, and consumer spending remains sluggish.The market is paying attention to Trump's "Liberation Day" tariff policy on April 2. Against the backdrop of consumer confidence hitting a 12-year low and the stock market experiencing a weekly decline of 4-5%, aggressive tariffs may exacerbate recession fears. However, if the policy measures are less aggressive than expected, it could provide some relief to the market. In terms of volatility, the VIX remains at a high level of 22, while cryptocurrency volatility is declining. Trading desks indicate a bullish sentiment dominating before the Asian market opens, with investors buying upside options and selling downside risks.Although April has historically been a strong month for cryptocurrencies, the market outlook remains cautious, potentially digesting macro risks in a sideways consolidation. Key events this week include ISM data, non-farm payroll reports, and Powell's speech.
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