TechFlow, April 21 — QCP Capital stated in a post on its official channel, "Bitcoin surged above $87,000 during Asia's morning trading session, with this strong rebound recovering most of the losses triggered earlier by former President Trump's unexpected 'Liberation Day' announcement on April 2. The narrative of Bitcoin as a safe-haven asset or inflation hedge is gaining renewed attention. If this momentum persists, it could provide fresh impetus for institutional Bitcoin allocations.
Early signs of returning institutional confidence are already visible. Last week, spot Bitcoin ETFs recorded $13.4 million in net inflows, a sharp contrast to the $708 million in net outflows seen the previous week. In the options market, positioning has become more balanced. Risk reversals across maturities have flattened, diverging from the persistent near-term put skew observed over the prior weeks.
So, is today’s synchronized rise in Bitcoin and gold merely holiday-market noise, or an important signal of Bitcoin’s shift toward safe-haven status? If the latter, it would mark a substantive change in traditional finance’s perception of Bitcoin. With European markets still on holiday, confirmation may take several more trading days. The correlation between Bitcoin, gold, and equities warrants close monitoring. For now, we remain cautious about drawing definitive conclusions before a confirmed break above the key resistance level at $88,800."
