**Bitcoin Set to Benefit from Global Liquidity Surge**

Bitcoin could see significant gains as macroeconomic liquidity improves, driven by policy shifts in the US and China, according to QCP Capital. The People's Bank of China (PBoC) recently cut its reserve requirement ratios by 50 basis points, freeing up 1 trillion yuan for lending. This move aligns with similar easing measures by the US Federal Reserve and the European Central Bank.

QCP Capital notes that these actions are creating a favorable environment for risk assets like Bitcoin. The Shanghai Composite Index surged 4.15% following China's stimulus announcement, signaling increased market optimism.

Bitcoin remains steady around $63,000, with key levels at $62,000 and $65,000. Traders are eyeing $65K as a critical point to break for a potential rally to $70K.