The QCP released a report saying that the price of bitcoin once again set a new record high, breaking through the $111,000 mark. Despite the weak auction of US 20-year Treasury bonds, which led to a general correction in risk assets, bitcoin still showed strong resilience, completing a V-shaped rally and setting a new high during the Asian trading session.
In sharp contrast to the performance of gold, which has stalled at $3,300/oz, Bitcoin has entered price discovery mode. While market volatility is high, this rally is seen as more structurally supportive than the previous one, with less speculative chase.
The options market showed increased investor confidence in the uptrend, with a large number of September 130K call options contracts swept away. Improved regulatory environments in the US, continued institutional inflows from ETFs and direct spot allocations, coupled with Strategy's $2.10 billion perpetual preference share offering (STRF) that could be used to increase its bitcoin holdings, provided further upward momentum for prices.
QCP: This round of gains is more structurally supportive than the previous round, with less speculative chasing sentiment
2025-05-23 02:32:13
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
QCP：本轮上涨比上一轮更具结构性支撑，投机性追涨情绪减少Next article：
Upbit将上线SOON现货交易
