According to TechFlow, the latest report from QCP Capital shows that the failed assassination attempt of Donald Trump at the beginning of last weekend triggered a rebound in cryptocurrency prices, and the programmatic buying of BTC on Coinbase during the Asian trading session on Monday drove this strong upward momentum. The market expects Trump to win the upcoming election, which is beneficial to his pro-cryptocurrency stance.

QCP Capital said the market is ready for a rebound, the German government has exhausted supply, and large hedge funds actively bought call options last week. Although some institutional investors have begun to hedge downside risks by buying near-term options, QCP Capital maintains a medium-term bullish view given the continued large demand for BTC spot ETFs and the upcoming ETH spot ETF as a catalyst.