QCP Capital posted an analysis saying that even though the Securities Exchange Commission announced the formation of a cryptocurrency regulatory working group, the market continued to decline, with BTC falling below $106,000 and currently hovering around $102,000. XRP and SOL rose 3.4% and 4.1%, respectively, after screenshots of XRP and SOL futures were provided on the Chicago Mercantile Exchange (CME) webpage. Although the CME later clarified that the leaked webpage was a mistake, it has not y...
On January 22, the QCP released a daily market watch saying that the new leadership of the US SEC has established a special working group dedicated to developing a regulatory framework for crypto assets. Led by crypto mom Hester Peirce, it is expected to be a turning point in the digital asset space. After the initial disappointment after Trump's inauguration gradually subsided, Bitcoin has rebounded 3.8% and stabilized at around $105,000. However...
QCP Capital noted that the influence of TRUMP tokens could be a catalyst to drive the expected counterfeit products season. Launching TRUMP on SOL proved to be an important endorsement of the chain, making it possible that the SOL ETF could be approved earlier than expected. Retail inflows are likely to flow as the media exposure brought on by similar launches increases. Trump's launch of memecoin also attracted major institutions as it solidified the president's pro-cryptocurrency stance.
The latest analysis from QCP Capital points out that global markets are digesting the impact of the Federal Reserve's expected adjustment in interest rate cuts. The yield on the 10-year Treasury bond has soared to its highest since late 2023 at 4.8%, and the market does not expect a rate cut until October at the earliest. Stock index futures opened down 1.5%, sending bitcoin below $90,000 at one point before recovering to above $95,000. QCP Capital forecasts that the upcoming public...
Securitize Credit has partnered with QCP to include the BlackRock Dollar Institutional Digital Liquidity Fund (BUIDL) in its earnings strategy. In this partnership, Securitize Credit and QCP conduct basis trading with tokenized BUIDL funds as collateral. This is the first time BlackRock's on-chain funds have been used as collateral for derivatives transactions.
Securitize Credit 与 QCP 合作,将贝莱德美元机构数字流动性基金 (BUIDL) 纳入其收益策略。此次合作中,Securitize Credit 与 QCP 进行基差交易,以代币化的 BUIDL 基金作为抵押品。这是贝莱德链上基金首次用于衍生品交易抵押。
QCP Capital's latest analysis pointed out that due to the US employment data exceeding expectations, Bitcoin pulled back to the $95,000 support level. JOLTS job vacancies surged to 8.10 million, exceeding 7.74 million expectations. The unexpected strength of the labor market triggered risk aversion, and the rise in long-term bond yields led to a sell-off in risky assets. Bitcoin ETF inflows plummeted from $987 million to $52.90 million, a 94% drop. BlackRock IBIT recorded a significant inflow of...
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...
QCP Capital posted an analysis saying that it is currently seeing a typical quarter-end post-expiration volatility sell-off. Although Bitcoin is consolidating near the bottom of the single-month range, BTC and ETH performed well in the fourth quarter: BTC rose 48% and ETH rose 30%. However, it may be a bit too early to summarize the quarter now. Just yesterday, Michael Saylor once again hinted at another round of upcoming purchases that could lead to a...