Bitcoin has shown resilience, rebounding to near $70,000 following geopolitical tensions, according to QCP analysis. Long-term holders have been accumulating significantly in the $60,000 to $70,000 range. In the macroeconomic landscape, markets are entering a 'stagflation' pricing mode. The G7 and IEA plan to coordinate the release of 300 to 400 million barrels of strategic oil reserves, potentially setting a record, to address oil price volatility. Meanwhile, in the options market, implied volatility has decreased to the mid-50% range, but risk reversals remain negative, indicating participants are still pricing in tail risks and lack strong confidence in a bullish trend.