PANews|Mar 09, 2026 08:20
[Analysis: Bitcoin Shows Significant Resilience, Options Trading Suggests Eased Concerns Over Market Plunge]
According to the latest market commentary from QCP Capital, despite the escalation of tensions in Iran over the weekend driving oil prices above $115 and global equities shifting to defensive positions, Bitcoin has demonstrated significant resilience. Options flows also indicate reduced concerns over further declines, with bearish skew softening compared to the shock at the beginning of last week.
The report highlights that U.S. Treasury bonds and gold failed to provide their usual safe-haven functions, as surging oil prices exacerbated inflation concerns and pushed yields higher, making the U.S. dollar the preferred safe-haven asset instead. While downside protection for Bitcoin remains, options flows reflect more nuanced expectations, such as the purchase of straddle options expiring in April, suggesting the market anticipates continued volatility rather than unilateral declines.
The highest open interest for March is concentrated in $75K and $125K call options, indicating that despite ongoing macroeconomic uncertainties, optimism toward Bitcoin is returning. Key events to watch this week include Wednesday's CPI, Thursday's jobless claims, and Friday's core PCE and JOLTS job openings data.
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