Bitcoin Holds Steady Amid Geopolitical Tensions as Options Market Shows Reduced Fear of Sharp Declines

Bitcoin remained relatively resilient as tensions in Iran over the weekend drove oil above $115 and pushed global equities into a defensive posture, according to QCP Capital's latest market commentary cited by Odaily Planet Daily. Options flows show reduced concern over further sharp declines, with put skew moderating from the initial shock earlier last week, while downside protection for Bitcoin remains in place and April-expiring straddle purchases suggest traders are positioning for continued volatility instead of a one-sided move. Surging oil prices have undermined the traditional safe-haven roles of U.S. Treasuries and gold by stoking inflation worries and lifting yields, making the dollar the preferred refuge asset. For March, open interest is most heavily concentrated in the $75,000 and $125,000 Bitcoin call options, which QCP Capital views as a sign that bullish sentiment is re-emerging despite macroeconomic uncertainty, with markets also watching this week's U.S. CPI on Wednesday, jobless claims on Thursday, and Friday's core PCE and JOLTS job openings data.