QCP Capital: Structural risks in the market still exist in January

2025-01-07 17:16:13

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ChainCatcher news, QCP Capital's latest analysis points out that MicroStrategy has once again purchased 1,070 bitcoins at an average price of about $94,000, after the company announced it would raise up to $2 billion through perpetual preferred stock financing. Bitcoin is trading at a premium on Coinbase, with the spot price breaking $100,000 for the first time in two weeks, coinciding with the return of net inflows into spot ETFs. This trend may suggest that institutions are increasing their Bitcoin allocations for 2025.

The report emphasizes that positive regulatory news continues to support the spot market. Canadian pro-crypto politician Pierre Poilievre is expected to replace Justin Trudeau as the next Prime Minister. However, the January market is not without challenges, as structural risks remain. The U.S. Treasury's debt ceiling is expected to be reinstated in mid-month, requiring the Treasury to take "extraordinary measures" to pay government expenses, which could trigger market volatility.

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