QCP: BTC fell ~11.6% weekly; demand for downside protection in options market increased

QCP released its latest market commentary, noting that BTC has recently faced downward pressure, posting a weekly decline of approximately 11.6% and failing to reclaim key momentum levels. The report highlighted that Strategy sold 32 BTC in late May to pay preferred stock dividends—an action of limited scale but one that weakened its market narrative as a structural BTC buyer.