QCP Capital Analysis pointed out that BTC’s market value accounted for nearly 60%, approaching a four-year high, while ETH and other altcoins continued to weaken. The LIBRA token Rug Pull scandal involving Argentine President Javier Milei may affect market confidence in altcoins. BTC prices are stable in the middle of the range, implied volatility is declining, the market lacks a clear catalyst, and the trend is dominated by macro factors. Although uncertainties about tariffs, debt ceiling, inflation and Trump’s policies remain, the volatility and VIX of the crypto market are still low, funds are mainly short-term transactions, and no bets have yet been placed on a major market breakthrough.
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