QCPCapital: Institutional Bitcoin demand continues to strengthen, with growing interest in Bitcoin as a reserve asset.

Deep Tide TechFlow news, on December 3, QCP Capital's latest analysis pointed out that the price of Bitcoin briefly broke through $97,000 before falling back above $95,000. The U.S. government's transfer of 10,000 Bitcoins (approximately $963 million) related to Silk Road triggered short-term volatility, with the front-end volatility curve in the options market showing that the premium for put options is higher than that for call options.
Institutional demand continues to strengthen, with a net inflow of $350 million into spot ETFs yesterday. MARA Holdings purchased $618 million in Bitcoin within two months, following MicroStrategy's investment strategy. Major mining companies like Riot Platform plan to suspend Bitcoin sales and consider expanding their holdings, while rumors circulate that Microsoft is considering purchasing Bitcoin, highlighting the growing interest of enterprises in Bitcoin as a reserve asset.
In the macro market, the S&P 500 index set a historical high for the 54th time this year. Several Federal Reserve officials expressed a preference for lowering 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.