QCP: Bitcoin Hit Another All-Time High Last Week, but Non-Institutional Demand Remains Strong
ChainCatcher reported that QCP released a research report stating that bitcoin has broken through the $125,000 mark, reaching a new all-time high, and continues to rise without ETF capital inflows or institutional support. Despite rising funding rates and signs of overheating, non-institutional demand remains strong, and whales appear to be holding steady rather than taking profits.
The US government shutdown has reignited bitcoin's safe-haven appeal, and bullish seasonal factors may continue to drive market momentum. However, with increasing leverage in positions and institutional capital inflows being crucial, whether bitcoin can maintain its breakout momentum from October remains to be seen.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Qatar Energy chief refutes Besent: The Strait of Hormuz will never be "worthless"
Qatar's Minister of Energy, Saad Al Kaabi, stated that US Treasury Secretary Scott Besent's claim that the Strait of Hormuz will become "worthless" within two years is "incorrect."
Stacks crypto jumps 13% – Could STX bulls extend the price rally?
Tom Lee predicts the S&P 500 could surpass 8,200 points by the end of the year
Michael Saylor, BlackRock, Metaplanet, and Strive purchase Bitcoin
Crypto prices
More
