TechFlow news, November 10 — QCP released a bulletin stating that the U.S. Senate has voted to advance an appropriations agreement, a crucial step toward ending the 40-day government shutdown. The amended bill will now proceed to the House of Representatives before ultimately being sent to Trump for signing, a process that may take several more days. Boosted by this positive development, stock index futures rebounded and risk asset sentiment improved.
Bitcoin rose alongside broader markets, reclaiming $106,000 after having dipped below the $100,000 mark multiple times in the previous week. Despite ongoing selling pressure from early investors (OGs) and outflows from spot ETFs, Bitcoin has demonstrated resilience.
Market analysts noted that the current scale and randomness of OG wallet sell-offs resemble historical events such as Silk Road and Mt. Gox, but deeper liquidity and a more diversified investor base are helping absorb these supply shocks.
Options market activity indicates investor divergence over Bitcoin’s price trajectory by year-end, with expectations that Bitcoin will remain range-bound in the near term, facing renewed selling pressure if it breaks above $118,000.
