TechFlow news, on November 15, the latest analysis from QCP Capital indicated that Bitcoin hit a new all-time high of $93,480 during the New York trading session, pushing the global cryptocurrency market capitalization above $3 trillion—surpassing the previous peak of $2.77 trillion in 2021. According to QCP's analysis, fueled by strong post-U.S. election rebound momentum, Bitcoin prices could reach between $100,000 and $120,000.
The firm highlighted two key trends: first, large institutional investors have positioned themselves early and are selling call options during the rally, leading to declining implied volatility; second, market leverage is excessively high, particularly with altcoin perpetual contract funding rates reaching 50%–100%, indicating significant deleveraging risks.
QCP believes the sustained strength in Bitcoin reflects market expectations of Trump’s potential return to the White House. Trump’s proposal to establish a strategic Bitcoin reserve and shift from gold to Bitcoin has provided a powerful narrative supporting Bitcoin’s value proposition.
