According to ChainCatcher, QCP released a market observation on April 29 noting that Bitcoin maintains range-bound trading as macro uncertainty dominates market sentiment following the fading of geopolitical tailwinds. Both traditional and crypto markets have shifted to cautious positioning.
QCP noted that Bitcoin’s position size remains light with compressed volatility after April gains, reflecting the market awaiting a directional move. The firm highlighted that the Federal Reserve’s policy decision and Powell’s remarks could serve as key near-term variables.
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