[QCP Capital: BTC Market Shows Resilience, Implied Volatility Declines]
QCP Capital's August 7 report indicates that BTC rebounded this week from $62,500 to $64,000. Strategy sold 1,638 BTC last week, while the Coldcard security incident affected 5,000 wallets and resulted in the loss of 1,755 BTC, yet the market did not experience a sustained decline. In the options market, the 7-day and 30-day at-the-money implied volatilities were 28.8 and 32.6, respectively, with the 7-day 25-delta risk reversal narrowing to -2.10. The U.S. July ISM Manufacturing PMI rose to 55.6, and ADP private employment increased by 44,000, as the market awaits non-farm payroll data. The situation in the Strait of Hormuz remains unresolved, Brent crude oil has returned above $83, and yen intervention along with Japanese government bond yield movements are influencing global liquidity.
