QCP: Bitcoin Still Oscillating Near multi-month Low, High Volatility

On March 3rd, QCP issued its daily analysis stating, "Following a tumultuous week, we have ultimately reverted to the starting point of last Monday." During the weekend, Trump announced the establishment of the U.S. Crypto Strategic Reserve. Some consider that this move has been digested by the market for a long time, while others view it as the sole powerful catalyst to propel cryptocurrencies to a new all-time high later this year. Nevertheless, Trump chose to play this "trump card" early, causing BTC to rebound above $90,000 during the low-liquidity period on Sunday. As risk assets are warming up, are we back in a bullish trend? Not exactly. Currently, BTC is still fluctuating near the low point of a multi-month range. The front-end crypto market volatility remains at a high level. The two major mainstream coins (BTC & ETH) still exhibit a Put Skew. At the same time, the VIX index (Fear Index) remains high, reflecting overall anxiety in the broader risk asset market, especially after the recent escalation of trade tariff conflicts by the U.S. government. Just when we thought Trump had used up all his resources, he may still have more surprises in store.