QCP: Bitcoin hit a new all-time high last week, but non-institutional demand remains strong
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QCP: Bitcoin hit a new all-time high last week, but non-institutional demand remains strong
QCP released a research report stating that over the past weekend, Bitcoin surpassed the $125,000 mark, reaching a new all-time high and continuing its upward trend without inflows from ETFs or institutional support. Despite rising funding rates and signs of overheating, non-institutional demand remains strong, with whales appearing to hold steady rather than taking profits. The U.S. government shutdown has reignited Bitcoin's safe-haven appeal, and bullish seasonal factors could continue to drive market momentum. However, as position leverage increases and institutional inflows become crucial, it remains to be seen whether Bitcoin can sustain its breakout momentum from October.
Navigating Web3 tides with focused insightsTechFlow, October 6 — QCP released a research report stating that over the weekend, Bitcoin broke through the $125,000 mark, hitting a new all-time high and continuing its rally despite the absence of ETF inflows or institutional support. Although funding rates have risen and signs of overheating have emerged, non-institutional demand remains strong, with whales appearing to hold steady rather than taking profits. The U.S. government shutdown has reignited Bitcoin's safe-haven appeal, and bullish seasonal factors could continue to drive market momentum. However, as position leverage increases and institutional inflows become critical, it remains to be seen whether Bitcoin can sustain its breakout momentum in October.
