PANews reported on February 5 that QCP Capital posted on its official channel that traditional financial markets are still digesting the dynamics of the US economy and paying attention to the latest developments in the high-risk US-China tariff war. US stocks are weak, and the S&P 500 index is difficult to defend the 6,000 point mark. Market volatility in the past week has caused a sharp fluctuation in the crypto market, with BTC briefly touching $92,000 and ETH falling to $2,100. The postponement of US tariff measures on Mexico and Canada has brought some relief to the crypto market, but the US-China trade war is still the core risk, and the market expects that the upcoming call between Trump and Xi Jinping will bring a signal of easing.

In addition, David Sacks, the US "crypto czar", announced at the conference yesterday that a working group would be formed to promote stablecoin legislation and assess the feasibility of establishing a strategic Bitcoin reserve (SBR). Although the short-term impact is limited, it may be beneficial to the crypto market in the long run. BTC's resilience above $90,000 is remarkable, but QCP Asia remains cautious about the geopolitical impact that may be caused by US-China tensions. The market lacks clear crypto catalysts in the short term and needs to guard against downside price risks, especially against the backdrop of large-scale liquidations on Monday.