On July 13, QCP Capital posted on the official channel that the market has returned to some stability this week, with BTC and ETH recovering to key 58,000 and $3,100.
The reasons for this rally include: · Positive macro sentiment, slowing inflation, and the market currently expects a 95% chance of a rate cut in September. · The German government's 50,000 BTC sell-off is over. · Spot ETF demand is strong, with a net inflow of about $1 billion this week. In terms of volatility, while cryptocurrency social media and retail sentiment have been screaming panic, large hedge funds have been confidently and actively buying BTC upside, especially in December and March call options, targeting the 100,000 - 120,000 dollar price level.
QCP Capital: Large Hedge Funds Still Betting BTC Rises to $100,000 by Year End
2024-07-13 01:14:46
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 Capital：大型对冲基金仍押注BTC年底涨至10万美元Next article：
德国政府钱包地址过去24天出售超5万枚BTC，约33亿美元
