QCP: BTC and ETH Strengthen Amid Geopolitical Tensions, Stablecoin Supply Reaches New High

According to reports from QCP, amidst ongoing geopolitical tensions, the crypto market has shown relative strength with Bitcoin and Ethereum breaking through $74,000 and $2,270 respectively, while stocks and gold assets remain under pressure. The report suggests that this trend is reinforcing the narrative of 'digital safe-haven assets' and 'geopolitical hedging tools'.

QCP stated that tensions related to Iran may drive increased on-chain activity and cross-border liquidity demand. Data shows that last week, USDC supply reached a historical high of around $81.1 billion, with overall stablecoin supply growing in sync, indicating new funds flowing into the crypto market amid global uncertainty.

There are signs of institutional demand picking up. Bitcoin ETFs have seen net inflows for 5 consecutive trading days, with BlackRock's ETF recording inflows for the third consecutive week, totaling around $1.75 billion. Meanwhile, strategies continue to increase their holdings of Bitcoin.

In the options market, the spot price is approaching the key open interest strike price of BTC-27MAR26-75K-C (approximately 8,000 contracts) towards the end of the month. The report notes that if the price effectively breaks $75,000, it may trigger a rally driven by the Gamma effect, with $74,500 remaining a short-term key resistance level, and a dense short liquidation zone above.

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