Odaily Planet Daily News 🌟 QCP pointed out in its latest release that the Bitcoin (BTC) market has been experiencing weaker liquidity recently, with gaps in the spot market. Despite signs of a rebound in the past few days, ongoing selling pressure has made the rise feeble. As the year-end approaches, BTC's momentum has weakened, with net outflows from spot ETFs reaching as high as $1.8 billion since December 19, and the pace of purchases by MicroStrategy has also slowed down. 📉

The weakness in the cryptocurrency market reflects broader market sentiment, with the S&P 500 and Nasdaq indices recently seeing multiple declines of over 1%. Looking ahead to Q1 2025, despite an optimistic view on potentially crypto-friendly policies that may emerge after Trump's inauguration, QCP believes that key catalysts may appear in January, and a reassessment of institutional asset allocation could enhance Bitcoin's market dominance. 📈

As more institutions, including university endowment funds, join the ranks of Bitcoin, an increase in BTC allocation is expected, stabilizing the spot market trend and bringing its volatility closer to that of the stock market. Meanwhile, demand for put options to hedge against downside risks will strengthen, while selling of call options for upside will increase. 🔍