QCP: The crypto market remains resilient under geopolitical pressure, with institutional funds continuing to flow in

ME News update: On April 13 (UTC+8), U.S.-Iran negotiations broke down over the weekend, causing oil prices to break above $100 again and pushing the overall market toward risk aversion. Bitcoin encountered resistance at $74,000, while Ethereum pulled back from $2,330 to $2,180. Former U.S. President Trump threatened to block the Strait of Hormuz to cut off Iran’s oil exports, and Iran threatened to block the Strait of Mandeb in retaliation; the standoff between the two countries has increased risk. China has become a key focal point of the situation due to its large imports of Iranian crude oil. If a blockade were to occur, U.S.-China relations could face further tension, although the market has not yet fully reflected this. However, the crypto market has shown strong resilience: implied volatility and risk reversal indicators have fallen back to the levels seen before the conflict, indicating that panic sentiment has eased. BlackRock’s IBIT recorded a net inflow of $612.1 million over the past week, suggesting active institutional buying. The market focus has now shifted to the operational level of the geopolitical conflict. Trump plans to initiate the blockade at 10:00 a.m. Eastern Time, and policy credibility is also an important consideration for trading. (Source: MLion)