QCP: Bitcoin Volatility Now Leaning Toward Put Options, Trump Highly Sensitive to Market Response

February 10th. QCP disclosed its daily market observation, indicating that after the DeepSeek action two weeks ago and the tariff-driven volatility last week. This time, Trump's announcement of imposing a 25% tariff on steel and aluminum briefly disrupted the market prior to Powell's testimony and the release of the Consumer Price Index (CPI) data. Since Mexico and Canada are among the top three suppliers to the US, these tariffs have cast doubt on last week's temporary respite, potentially reigniting trade tensions. Adding to the uncertainty, Trump's remarks about the possibility of imposing sanctions on Japan - a key US ally - came shortly after the White House blocked Japanese steel acquisitions of US steel. Commodity prices remained relatively stable, while Asian stock markets declined, and Bitcoin briefly dropped to $95,000 before rebounding - suggesting that this is an emotion-driven market swing rather than a fundamental change in risk appetite. The volatility of Bitcoin is now biased towards put options until April, reflecting the lack of catalysts for an upward move. A feedback loop is emerging - President Trump is highly sensitive to market reactions, and his stance is facing increasing market scrutiny. This may further embolden him, increasing market volatility.