Svmuu News: QCP released a market analysis stating that BTC rebounded from a low of approximately $75,000 to $78,000, but this rally was primarily driven by reduced risk rather than improved fundamentals. The report noted that the extension of the ceasefire in Iran has reduced short-term geopolitical risks, while officials at the Federal Reserve (FED) have maintained a data-dependent stance without signaling any significant easing. The rebound in futures open interest and the continued negative funding rate indicate new short positions entering the market, suggesting that the current price action reflects volatility driven by expectations of a short squeeze.In the options market, near-term volatility stands at approximately 40%, with skew still favoring downside protection. The term structure is relatively flat, pointing overall to a range-bound pattern. QCP believes that future market movements will continue to depend on crude oil prices and monetary policy signals; in the absence of clear catalysts, the market may remain range-bound.