QCP Capital: Iran’s attack on Israel triggered market panic, BTC may be used as a macro hedge
According to Wu Shuo, QCP Capital pointed out that Iran’s attack on Israel triggered market panic. BTC was likely used as a proxy macro hedge over the weekend and thus bore the full brunt of the immediate risk-off reaction. It’s worth noting that buying the dip has historically been a profitable trade when major geopolitical conflicts erupt.
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