According to Deep Tide TechFlow news on January 7, QCP Capital's latest analysis indicates that MicroStrategy has once again purchased 1,070 bitcoins at an average price of approximately $94,000, after the company announced it would raise up to $2 billion through perpetual preferred stock financing. Bitcoin is trading at a premium on Coinbase, with the spot price breaking $100,000 for the first time in two weeks, coinciding with the return of net inflows to spot ETFs. This trend may suggest that institutions are increasing their bitcoin allocations for 2025.
The report emphasizes that favorable regulatory news continues to support the spot market. Canadian pro-cryptocurrency politician Pierre Poilievre is expected to replace Justin Trudeau as the next Prime Minister. However, the January market is not smooth sailing, and structural risks remain. The U.S. Treasury's debt ceiling is expected to be re-implemented in mid-month, requiring the Treasury to take 'extraordinary measures' to fund government spending, which may trigger market volatility.
