QCPCapital: Market anticipates that Trump's inauguration will boost optimistic sentiment, and the current pullback may be a buildup for a bullish rebound.

Deep Tide TechFlow news, on January 8, QCP Capital's latest analysis pointed out that, influenced by better-than-expected U.S. employment data, Bitcoin has pulled back to the support level of $95,000. JOLTS job openings surged to 8.1 million, exceeding the expected value of 7.74 million. The unexpectedly strong labor market has triggered risk-averse sentiment, leading to a sell-off in risk assets as long-term bond yields rise.
Bitcoin ETF inflows plummeted from $987 million to $52.9 million, a decrease of 94%. Among them, BlackRock's IBIT recorded a significant inflow of $596 million, while ARK and 21Shares' ARKB saw an outflow of $213 million.
QCP Capital believes that this week's FOMC meeting and non-farm employment data will further influence Bitcoin's trend. The market anticipates that Trump's inauguration will boost optimistic sentiment, and the current pullback may be a buildup for a bullish rebound.