QCP Says Bitcoin Rally Toward $80K Has Solid Spot Support as Fed Risk Rises
Bitcoin
bitcoin
bitcoin etf
Bitcoin futures
Bitcoin price
BTC
crypto market
ETF inflows
Fed Rate Hike
Federal Reserve
Kevin Warsh
QCP Capital
TLDR: QCP says Bitcoin’s $80K rebound is backed by $2.8B in ETF inflows as futures open interest declines. Bitcoin futures open interest fell from 646,000 BTC to 588,000 BTC even as prices climbed toward $80,000. September Fed hike odds rose to 56%-60% after Warsh’s speech, while Bitcoin slipped back below $78,000. QCP sees $81K-$86K as [...]
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Source: Source: Blockonomi