QCP pointed out that this week the crypto market was mainly influenced by geopolitical factors and rising oil prices. Risks in the Strait of Hormuz pushed up oil prices and inflation expectations, driving U.S. bond yields higher. BTC and ETH rose on Thursday to around $73,300 and $2,153, driven by ETF inflows and a rebound in derivatives leverage, but slightly pulled back on Friday due to macro fluctuations. Short-term trends still depend on changes in oil prices and interest rates.