QCP analysis points out that BTC has shown resilience after geopolitical shocks, with prices rebounding to around $70K. Long-term holders have significantly accumulated in the $60K to $70K range. On the macro front, the market has entered a 'stagflation' pricing mode. The G7 and IEA plan to coordinate the release of 300 to 400 million barrels of strategic oil reserves, which is expected to set a historic record to address oil price volatility. In the options market, implied volatility has fallen to the mid-50% range, but risk reversals remain negative, reflecting that participants are still pricing in tail risks and lack strong confidence in an upward move. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=57945