QCP Capital: The market's macro sentiment has improved, maintaining an optimistic attitude before the end of the year

PANews reported on August 17 that QCP Capital pointed out in its latest report that it still maintains a constructive and optimistic attitude before the end of the year. A particularly encouraging factor is that the market has digested various "supply shock" news of BTC and ETH this week. After Jump cancelled its pledge and sold ETH in this round, the market even rebounded. The following comments were made on this week's market:

The current macro sentiment of the market has improved, US inflation slowdown has boosted market confidence, pushing stocks back to historical highs. Continuous interest rate cuts by major central banks such as New Zealand Reserve Bank have intensified global monetary easing wave;
The market is still worried about selling pressure possibly brought by U.S government addresses, with U.S government transferring 10 thousand BTC (about $591 million) related to Silk Road law enforcement actions into Coinbase wallet. Although no sale was confirmed, the market remains vigilant for remaining over 200 thousand BTC and other cryptocurrencies in wallet;
Musk did not discuss cryptocurrency at all during his two-hour interview with Trump, which disappointed the market.