QCP: BTC stabilizes after fluctuations, institutional support remains strong
ChainCatcher reported that QCP released a briefing stating that the crypto market experienced a large-scale liquidation yesterday, with over $1.7 billions in leveraged positions liquidated. The market is currently showing signs of stabilization, with BTC holding above $112,000 and ETH near $4,100. The Altcoin Season Index has dropped sharply to 65, while BTC market dominance has risen to 57%, indicating a capital flow back into Bitcoin.
Despite short-term weakness, institutional sentiment remains positive, with spot ETF continuing to record capital inflows. Traders have started positioning for October (historically the strongest month for BTC), with active demand for $120,000-$125,000 call options. This week, Powell's speech and the core PCE data will be key market focuses.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Data: Ethereum spot ETFs saw a total net outflow of $75.9478 million yesterday, with none of the nine ETFs recording a net inflow.
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