Deep Tide TechFlow News, December 3, QCP Capital's latest analysis points out that Bitcoin's price briefly broke above $97,000 before retreating to above $95,000. The U.S. government's transfer of 10,000 Bitcoins (approximately $963 million) related to Silk Road triggered short-term volatility, and the front-end volatility curve of the options market shows that the premium for put options is higher than for call options.
Institutional demand continues to strengthen, with a net inflow of $350 million into spot ETFs yesterday. MARA Holdings has purchased $618 million worth of 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 increasing interest of companies in Bitcoin as a reserve asset.
In the macro market, the S&P 500 index has set a new historical high for the 54th time this year. Several Federal Reserve officials have indicated a tendency to lower borrowing costs at the next meeting, but the final decision will depend on the upcoming economic data. Analysts expect that this decision could trigger market volatility during the announcement window.

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