On May 21st, according to QCP Capital analysis, Bitcoin tried to break through the $108,000 price today but failed, mainly due to the lack of sustained buying momentum. The current price trend is closely related to the buying behavior of Strategy and Metaplanet, which are still the main buyers of the current price.
The analysis pointed out that the market is concerned that these institutions may be the last marginal buying, especially when Bitcoin is near its all-time high. If these institutions reduce their buying, it may trigger other market participants to take profits and may reverse the current upward trend.
QCP Capital pointed out that despite the headwinds of rising bond yields, escalating tariffs and the risk of stagflation in the US economy, bitcoin has shown resilience in the past month. If it breaks through new highs, it may trigger a new round of follow-up and drive over-the-counter funds into the market.
QCP: If institutions such as Strategy and Metaplanet reduce their purchases, they may reverse the current upward trend of BTC
2025-05-21 09:52:49
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