QCP Capital’s latest analysis indicates that Bitcoin retreated to the $95,000 support level due to the unexpected US employment data. JOLTS job openings rose to 8.1 million, exceeding the expected 7.74 million. The unexpectedly strong labor market has triggered risk-off sentiment and long-term bond yields have risen, leading to a sell-off in risky assets.

Flows into Bitcoin ETFs fell from $987 million to $52.9 million, a 94% decline. Among them, BlackRock’s IBIT recorded significant inflows of $596 million, while ARK’s ARKB and 21Shares experienced outflows of $213 million.

QCP Capital believes that this week’s FOMC meeting and non-farm payrolls data will further influence Bitcoin trends. The market expects Trump’s inauguration to boost optimistic sentiment; The current pullback could create momentum for a bullish rebound.