TechFlame News, according to QCP Capital analysis, amid geopolitical shocks triggered by the Iran conflict, BTC briefly fell below $63,000 before rebounding to around $70,000, demonstrating relative resilience. In the options market, volatility has retreated to the mid-50s, while risk reversals remain negative, indicating sustained demand for downside protection. On the macroeconomic front, with stock markets under pressure, U.S. Treasury yields rising, and expectations for interest rate cuts being pushed back, the market is exhibiting stagflation-like characteristics. Regarding oil prices, Brent crude briefly surged to $120 before retreating, as the IEA plans to coordinate the release of 300-400 million barrels of strategic reserves. Currently, BTC is behaving more like a liquidity-sensitive macro tool rather than a high-beta risk asset. The market is closely watching today’s U.S. CPI data, which may determine whether expectations for interest rate cuts can be revived.