QCP: 금은 무역 전쟁 긴장 재점화와 달러 약세에 힘입어 사상 최고치를 경신했습니다. 지난주 증시가 하락 마감하고 4월 하락폭이 확대되면서, 안전자산 또는 인플레이션 헤지 수단으로서의 비트코인에 대한 관심이 다시 높아지고 있습니다. 이러한 흐름이 지속된다면 기관 투자자들의 비트코인 자산 배분에 새로운 활력을 불어넣을 수 있습니다. 만기별 위험회피는 평탄화되어 지난 몇 주 동안 지속되어 온 근월물 풋옵션의 스큐 현상에서 벗어났습니다.
https://t.me/QCPbroadcast/1440
QCP Asia Colour - 21 April 25
Bitcoin staged an Easter resurrection of its own, surging past $87k during early Asia hours in a sharp reversal that clawed back much of the selloff sparked by former President Trump’s surprise “Liberation Day” announcement on 2 April. While crypto markets are no strangers to illiquid, long-weekend rallies, this move stood in stark contrast to December’s muted Santa Rally. This time, BTC delivered.
But Bitcoin wasn’t alone. Gold also spiked to fresh all-time highs, buoyed by renewed trade war tensions and a weakening US dollar. With equities finishing last week in the red and extending an April drawdown, the narrative of BTC as a safe haven or inflation hedge is once again gaining traction. Should this dynamic hold, it could provide a fresh tailwind for institutional BTC allocation.
Indeed, we’re already seeing early signs of institutional confidence returning. Spot BTC ETF flows turned positive last week with net inflows of $13.4 million, a stark contrast to the previous week’s…
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