Analysis of the latest market dynamics 🚀
On July 13, QCP Capital posted on its official channel that the market has regained some stability this week, with BTC and ETH rebounding to the critical $58,000 and $3,100 respectively.
The reasons for this rebound include:
Macro sentiment is positive: inflation is slowing, and the market expects a 95% chance of a rate cut in September. The German government has completed its sell-off: the sell-off of 50,000 BTC is complete. Spot ETF demand is strong: net inflows of about $1 billion this week.
In terms of volatility, although cryptocurrency social media and retail sentiment have been screaming panic, large hedge funds have been confidently and actively buying BTC upside, especially December and March call options, with target prices between $100,000 and $120,000.
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