Opinion: The crypto market is still in a state of preparation, and volatility may explode at any time

2025/06/20 17:06

PANews June 20 news, Singapore crypto investment institution QCP Capital issued a statement saying that the global market remains on the sidelines, and investors are assessing the possibility of geopolitical risks and potential volatility rebound. Gold rose and fell after the Israeli attack on June 13, weakening safe-haven demand, while WTI crude oil prices still hold the $75 mark. Energy markets continue to be constrained by the Israel-Iran conflict, and market speculation about possible US military intervention has heated up. The US dollar weakened slightly as investors bet on the increased probability of the United States directly participating in regional conflicts in the next 48 hours, triggering a moderate withdrawal of funds from the US dollar. In terms of cryptocurrencies, BTC continued to move sideways. Despite the increase in macro uncertainty and the political noise brought by Trump's social media remarks, price volatility remains sluggish. Market sentiment is cautious, and position data shows that investors are waiting for clearer catalysts.

The risk reversal indicator of BTC and ETH shows that investors in June and September contracts are more inclined to hedge downside risks, indicating that longs are actively protecting spot positions. It is worth noting that the implied volatility of ETH June at-the-money options is lower than that of September contracts, reflecting the contraction of short-term specific risk premium, which may be related to the reduction of event-driven hedging or profit-taking of short-term volatility. In contrast, BTC near-month contracts still maintain a slight volatility premium. The current crypto market is still in a state of preparation, and the next headline news, macro shift or tail event may become the fuse to detonate historical volatility.

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Metaplanet Lifts Total Bitcoin Holdings to $2.18B After Latest Buy

Metaplanet Lifts Total Bitcoin Holdings to $2.18B After Latest Buy

Metaplanet has added another 775 Bitcoin to its reserves, lifting its total holdings to 18,888 BTC. A Monday filing showed Metaplanet’s Bitcoin stash has climbed to about $2.18b, based on the prevailing exchange rate. This latest purchase extends a rapid run of acquisitions that have cemented the company’s place as Japan’s most prominent corporate Bitcoin holder. Metaplanet began its aggressive accumulation last year, casting itself as a local counterpart to US firms such as MicroStrategy that use Bitcoin as a treasury reserve. The company paid about 114.3b yen for the purchase, equal to $775m at today’s exchange rate of 147.37 yen to the dollar. Each Bitcoin cost the firm around $120k on average, although the asset was valued at about $115.6k when the disclosure was made. *Metaplanet Acquires Additional 775 $BTC , Total Holdings Reach 18,888 BTC* pic.twitter.com/2WI5ORPSTp — Metaplanet Inc. (@Metaplanet_JP) August 18, 2025 Successive BTC Purchases Add Pressure and Attention Ahead of Fed Policy Shift This latest move follows a series of weekly acquisitions that have captured market attention. The company acquired 463 BTC on Aug. 4 for about $53m and added 518 BTC on Aug. 12 for $61.4m. Metaplanet’s strategy mirrors that of other Bitcoin-heavy firms that see long-term upside in holding the asset on their balance sheets. Its consistent accumulation comes as the cryptocurrency market prepares for potential tailwinds, including expected interest rate cuts by the US Federal Reserve in September. Observers Expect Ripple Effect in Asia as Metaplanet Ramps Up Bitcoin Reserve Analysts say the firm’s bold stance could influence other Asian corporates to explore Bitcoin as part of their treasuries, particularly as regulatory clarity improves. Japan has long been viewed as a pioneer in digital asset oversight, giving Metaplanet a favorable environment for its strategy. Metaplanet’s aggressive expansion has also drawn comparisons to MicroStrategy, which holds over 628,946 BTC. While Metaplanet’s stash remains smaller, its rapid accumulation highlights how non-US corporates are beginning to step onto the same path. The latest purchase cements Metaplanet’s position as one of the largest Bitcoin treasuries in Asia. Market participants will be watching closely to see whether its example sparks a broader wave of adoption among regional firms.
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CryptoNews2025/08/18 12:29