QCP: Bitcoin options volatility declines, short-term trend dominated by macro and geopolitical risks

ChainCatcher news: In the options market, implied volatility has slightly declined, the curve maintains a mild positive spread, and demand for downside hedging still exists but has not reached an extreme level. Geopolitical risk premium continues to be reflected in volatility pricing.

Currently, BTC has neither fully followed the high-beta logic of the stock market nor established steady safe-haven demand. Market movements remain mainly driven by news, and a clear trend is unlikely to develop in the short term until macro or geopolitical conditions become clearer.