The QCP brief stated that the crypto market has started to stabilize after a sharp correction last week, with Bitcoin and Ethereum having recovered to levels of $112,000 and $4,100 respectively. Despite the large-scale redemptions of ETFs, the market has shown strong resilience. Optimism in the perpetual contract market has reignited, leveraged bulls have returned to the market, the unpositioned squaring of perpetual contracts has risen from $42.80 billion to $43.60 billion, and the BTC perpetual contract funding rate remains positive.
Analysts pointed out that while market conditions are supportive of the upcoming "Up◡" market, Bitcoin still needs to break through $115,000 to confirm a new uptrend. The options market shows that traders are gradually rebuilding confidence, with bearish skew gradually returning to normal levels.
QCP: Crypto market stabilizes and rebounds, BTC needs to break $115,000 to confirm upside
2025-09-29 09:51:58
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