QCP Capital: The rise in U.S. Treasury yields puts pressure on Bitcoin, but it remains a "buy the dip" opportunity

ChainCatcher message, Singaporean crypto investment firm QCP Capital stated that with the rising dollar and U.S. Treasury yields, stock market trading remains weak, and Bitcoin has been under pressure. If the market's expectations for a Federal Reserve rate cut continue to weaken, it is likely that we will see a broad risk-averse sentiment leading to significant declines in asset prices. However, the firm still believes this is a good opportunity to "buy the dip" in Bitcoin, as trading desks continue to see persistent buying of long-term bullish options for the period from December 2024 to March 2025 (indicating a structurally bullish outlook for Bitcoin).

Additionally, institutional participation and demand for spot ETFs are continuously increasing.