CoinVoice recently learned that QCP Capital's latest analysis pointed out that the price of Bitcoin once broke through $97,000 and then fell back to above $95,000. The US government's transfer of 10,000 bitcoins related to Silk Road (about $963 million) triggered short-term volatility, and the front-end volatility curve of the options market showed that the premium of put options was higher than that of call options.
Institutional demand continued to strengthen, with spot ETFs seeing a net inflow of $350 million yesterday. MARA Holdings purchased $618 million in Bitcoin in two months, following MicroStrategy's investment strategy. Major mining companies such as Riot Platform plan to suspend Bitcoin sales and consider expanding their holdings. At the same time, the latest news that Microsoft is considering buying Bitcoin highlights the growing interest of companies in Bitcoin as a reserve asset.
In terms of the macro market, the S&P 500 index has set a new all-time high for the 54th time this year. Several Federal Reserve officials have indicated a tendency to lower borrowing costs at the next meeting, but the final decision will depend on the upcoming economic data. Analysts expect that this decision may trigger market volatility during the announcement window. [Original link]
