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QCP: Bitcoin's upward momentum weakened at the end of the year, and institutional allocation may become key in 2025
QCP Capital pointed out that with the end of the year, the momentum of BTC has weakened significantly, and the upside is limited by selling pressure. Since December 19, the net outflow of spot ETFs is $1.80 billion, and MicroStrategy's BTC purchases have slowed down significantly. Looking forward to 2025, the key catalyst may appear in January, as institutions will readjust their asset allocation. It is expected that the proportion of bitcoin institutions will increase, consolidate market domina...
2024-12-31 08:45:43
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