The latest analysis from QCP Capital pointed out that as tariff tensions escalate, inflation concerns remain the primary focus of the market. A 10% tariff on some Chinese goods has been determined, while a 25% tariff proposal for Canada and Mexico is still under negotiation, and the steel and aluminum tariff plan will be raised from 10% to 25% on March 12. However, the market has largely digested these risks. Despite the continued uncertainty, the stock market is still climbing, and the VIX term structure remains flat. The current pain point trade is that the market is volatile sideways, the volatility sellers remain dominant, and the long volatility positions are difficult to generate returns. The crypto market continues to be under pressure, with Solana in the spotlight ahead of the release of 30 million tokens on March 1. FTX-related SOL hedging trades are putting pressure on BTC and ETH, leading to overall market weakness. Meanwhile, Argentina's latest meme craze, LIBRA, skyrocketed to $4 billion after the president endorsed it, before plunging 89%, causing thousands of investors to suffer major losses. In addition, MicroStrategy (NASDAQ: MSTR) did not buy bitcoin last week, the second time in a row that the company's holdings remained unchanged at 478,740 BTC. However, the company plans to strengthen its bitcoin holdings through a $2 billion convertible senior note private placement. Despite these headwinds, bitcoin remains resilient near $95,000 after falling towards $93,000, but breaking through resistance remains difficult due to a lack of catalysts in the short term.