QCP Capital reported that South Korea’s KOSPI index plunged as much as 8.4% due to cooling AI-related trading and foreign selling of semiconductor stocks, triggering a circuit breaker and pressuring global risk sentiment. BTC briefly held above the $60,000 level after last week’s sharp correction, but cautious sentiment persists in the options market, with short-term implied volatility rising and demand for put options increasing. QCP noted that investors remain vigilant amid factors such as U.S. employment data, the USD/JPY rebounding above 160, escalating tensions in the Middle East, and upcoming U.S. CPI data. Key events this week include the U.S. CPI data on June 10, the PPI data on June 11, and SpaceX’s IPO on June 12.
BTC Holds at 60,000 Amid Macro Risks, QCP Capital Reports
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Summary
Capital protection remains a priority as BTC holds the $60,000 level following a sharp weekly pullback. Market sentiment turned cautious after the KOSPI index dropped 8.4%, triggering a circuit breaker and dampening global risk appetite. Options data indicates rising short-term volatility and increased demand for put options. QCP Capital cited U.S. employment data, USD/JPY above 160, Middle East tensions, and upcoming CPI data as key risks. Investors are monitoring the U.S. CPI on June 10, PPI on June 11, and the SpaceX IPO on June 12.
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