QCP: Market sentiment is becoming cautious, focusing on tonight's Federal Reserve minutes and Wednesday's PCE data

ChainCatcher news, according to QCP's latest report, Bitcoin's price has fallen below $93,000, leading to over $430 million in long positions being liquidated. This drop occurred after the spot Bitcoin ETF ended five consecutive days of net inflows, recording $438 million in outflows on Monday, while MicroStrategy's stock price fell by 4.4%.

Previously, MicroStrategy made a record purchase of $5.4 billion worth of Bitcoin last week. With the U.S. holiday approaching and a lack of catalysts to drive prices up in the short term, Bitcoin's momentum towards $100,000 has temporarily stalled.

Ethereum's implied volatility is significantly skewed towards put options, reflecting a market sentiment similar to that of Bitcoin. Currently, market sentiment is cautious, with investors focusing on tonight's Federal Reserve meeting minutes and Wednesday's core Personal Consumption Expenditures (PCE) data.