QCP: BTC Rebounds After Falling Below $58,000, Capital Flows and Volatility Show Signs of Short-Term Stabilization

QCP released its latest report stating that Bitcoin briefly fell below the $58,000 support level, touching a low near $57,700, before rebounding back above $60,000 after U.S. non-farm payroll data came in below expectations. Ethereum rebounded to $1,700 over the same period, up nearly 10% from its mid-week low. On the options market front, front-end implied volatility pulled back from recent highs, the term structure recovered to a positive spread, and market panic alleviated somewhat, though short-term downside protection demand persists.