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 market broadly toward a risk-averse sentiment. Bitcoin hit resistance at $74,000, while Ethereum dropped from $2,330 back 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 intensified risk. Because China imports large volumes of Iranian crude oil, it has become central to the situation—if a blockade occurs, U.S.-China relations could become even more tense, even though 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 pre-conflict levels, indicating that panic sentiment has eased. BlackRock’s IBIT saw net inflows of $612.1 million over the past week, suggesting active institutional buying. Market focus has now shifted to the implementation of the geopolitical conflict: Trump plans to begin the blockade enforcement action at 10:00 a.m. Eastern Time, and policy credibility is also an important consideration for trading. (Source: MLion)