coin-img-ETHETH-0.97%coin-img-BTCBTC-0.22%coin-img-SOLSOL-2.61%coin-img-USDCUSDC+0.03%coin-img-XRPXRP-3.46%coin-img-TRXTRX-0.53%coin-img-HYPEHYPE-7.70%coin-img-OPNOPN+8.45%coin-img-ETHETH-0.97%coin-img-BTCBTC-0.22%coin-img-SOLSOL-2.61%coin-img-USDCUSDC+0.03%coin-img-XRPXRP-3.46%coin-img-TRXTRX-0.53%coin-img-HYPEHYPE-7.70%coin-img-OPNOPN+8.45%coin-img-ETHETH-0.97%coin-img-BTCBTC-0.22%coin-img-SOLSOL-2.61%coin-img-USDCUSDC+0.03%coin-img-XRPXRP-3.46%coin-img-TRXTRX-0.53%coin-img-HYPEHYPE-7.70%coin-img-OPNOPN+8.45%coin-img-ETHETH-0.97%coin-img-BTCBTC-0.22%coin-img-SOLSOL-2.61%coin-img-USDCUSDC+0.03%coin-img-XRPXRP-3.46%coin-img-TRXTRX-0.53%coin-img-HYPEHYPE-7.70%coin-img-OPNOPN+8.45%
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James Halver

QCP: Bitcoin slides 11.6% into June 8 as "double compression" builds

Bitcoin started June under heavy pressure, down about 11.6% on the week into June 8 and struggling to regain key momentum levels. QCP Capital says the move reflects simultaneous crypto deleveraging and worsening macro signals, while Strategy's late-May sale of 32 BTC for preferred dividend payments added a symbolic shock. QCP also noted 30-day at-the-money implied volatility rose to about 41.4 as demand for downside hedges remained strong.
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