CoinMeta data: QCP Capital indicates that on Monday, various types of liquid assets saw simultaneous declines. Bitcoin fell from around $84,500 to $82,800, and gold and Nasdaq futures also weakened. The US dollar index also declined, suggesting that this was more of a widespread deleveraging process rather than simply a hedge against risk. QCP believes that the failure to accept the ceasefire terms in the Strait of Hormuz and growing concerns about disruptions in energy supply are among the main drivers this week. PCE and non-farm payroll data are particularly crucial after the Federal Reserve's recent interest rate hikes. The implied volatility in the front end of crypto options remains high, indicating strong demand for downside protection, while the cash flow of spot Bitcoin ETF is showing hesitation.