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Bitcoin Hits New All-Time High Last Week, Non-Institutional Demand Remains Strong: QCP Report
Summary: According to reports from QCP, Bitcoin broke through the $125,000 mark, reaching a new all-time high without ETF inflows or institutional support. Despite rising financing rates and signs of overheating, non-institutional demand remains strong, with whales seemingly holding steady instead of taking profits. The U.S. government shutdown reignited Bitcoin's safe-haven properties, and bullish seasonal factors ...
According to reports from QCP, Bitcoin broke through the $125,000 mark, reaching a new all-time high without ETF inflows or institutional support. Despite rising financing rates and signs of overheating, non-institutional demand remains strong, with whales seemingly holding steady instead of taking profits.
The U.S. government shutdown reignited Bitcoin's safe-haven properties, and bullish seasonal factors may continue to drive market momentum. However, with increasing leverage ratios and institutional inflows crucial, whether Bitcoin can maintain its October breakthrough remains a point of concern.
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Link: Bitcoin Hits New All-Time High Last Week, Non-Institutional Demand Remains Strong: QCP Report [Copy]
