ChainCatcher news, QCP Capital's latest analysis points out that due to better-than-expected U.S. employment data, Bitcoin has pulled back to the support level of $95,000. JOLTS job openings surged to 8.1 million, exceeding the expected value of 7.74 million. The unexpected strength in the labor market has triggered risk-off sentiment, leading to a sell-off in risk assets as long-term bond yields rise.Bitcoin ETF inflows plummeted from $987 million to $52.9 million, a decrease of 94%. Among them, BlackRock's IBIT recorded a significant inflow of $596 million, while ARK and 21Shares' ARKB saw an outflow of $213 million.QCP Capital believes that this week's FOMC meeting and non-farm payroll data will further influence Bitcoin's trend. The market expects that Trump's inauguration will boost optimism, and the current pullback may serve as a buildup for a bullish rebound.

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.

ChainCatcher message, QCP released a market analysis, Bitcoin has had a positive start this week, with prices approaching the $100,000 mark again, but it may face significant selling pressure, as this level experienced considerable selling pressure in December. Bitcoin first broke through this key level on December 5, when funding rates surged.However, this time the funding rates remain at a healthy level, and we do not expect a large-scale short squeeze in the short term. Unlike before, considering that the relevant catalysts from Trump may not emerge until after his inauguration on January 20, it is unlikely that similar market-driving factors will appear at this time. Front-end volatility remains relatively mild, and overall market sentiment leans towards neutral.Due to the recent lack of cryptocurrency-specific catalysts, the market will focus on the U.S. January non-farm payroll report this Friday (January 10). However, expectations for Friday's non-farm payroll report will be further confirmed this week through the JOLTS job openings data on January 7 and the ADP employment data on January 8.

ChainCatcher news, QCP Capital's latest analysis points out that BTC spot has shown a significant gap due to thin liquidity, with recent rebounds limited by persistent selling pressure.Since December 19, net outflows from spot ETFs have reached $1.8 billion, and MicroStrategy's BTC purchases have noticeably slowed down, reflecting the weak trend in the crypto market consistent with overall market sentiment, as the S&P 500 and Nasdaq have fallen more than 1% for the third time in eight trading days. Despite a lackluster year-end performance, BTC has risen 120% by year-end, surpassing global stocks and gold.Looking ahead to 2025, despite an optimistic outlook on crypto-friendly policies after the Trump administration, adjustments in institutional asset allocation may become a key catalyst. The widespread adoption of BTC among various institutions is expected to strengthen its dominance, stabilize spot volatility, and drive an increase in demand for hedging and selling call options.

ChainCatcher news, QCP released its daily market observation stating that, as expected, we have seen typical quarter-end volatility sell-offs, with volatility dropping by 2-3 volatility points since last Friday's record options expiration.Although BTC has been consolidating near the bottom of the 1-month range and this month's returns have been flat, BTC and ETH have performed reasonably well in the fourth quarter: BTC is up 48%, while ETH is up 30%. However, it may still be too early to summarize this quarter. Just yesterday, Saylor released his BTC purchase tracker again, which may indicate another round of purchases is imminent, further supporting prices.Despite the possibility of another round of purchases, we do not have high expectations for the market during the New Year period, especially in terms of funding health. The average return in January (+3.3%) is relatively similar to December (+4.8%), and we expect spot prices to remain in this range in the short term until a recovery begins in February.Options flow also reflects similar sentiment, with front-end volatility gradually declining, and risk reversals mainly showing strong demand for call options in March, partly due to a large purchase of March options last Friday.

ChainCatcher news, MicroStrategy announced on Monday that it spent $561 million to purchase 5,262 bitcoins at an average price of about $106,662 each, bringing the total amount of bitcoins on the software company's balance sheet to 444,262.However, QCP analysts pointed out, "This is the smallest purchase amount in recent weeks, raising questions about its appetite for buying bitcoins at current levels."Additionally, analysts at QCP Capital noted in a report on Tuesday that currently, as 2024 approaches, the enthusiasm in the cryptocurrency market seems to be waning. As of Monday, spot bitcoin exchange-traded funds (ETFs) have seen outflows for three consecutive days.

ChainCatcher message, Singaporean crypto investment firm QCP Capital stated that after a market washout last week, spot prices have remained in a sideways trend. This Friday will see the expiration of nearly $20 billion in Bitcoin and Ethereum options, accounting for nearly half of Deribit's total open interest.The options expiration may trigger quarter-end volatility sell-offs, especially as spot prices remain stagnant and sellers continue to roll over short positions.If BTC breaks through $100,000, volatility may remain stable; otherwise, altcoins may have a chance to catch up. Currently, BTC's market share is 58%, and attention should be paid to whether funds flow into altcoins to confirm a trend reversal.

ChainCatcher news, the hybrid crypto exchange GRVT has officially launched its Alpha mainnet. In the first hour of the Alpha mainnet going live, GRVT's trading volume set a record of over $15 million, with BTC trading volume exceeding $8.7 million and ETH trading volume exceeding $6.4 million.It is reported that the first batch of institutions trading on GRVT includes: QCP, Galaxy Trading Asia Limited, Ampersan, Arbelos, Amber Group, IMC, Flow Traders, Pulsar, Selini, and others.GRVT co-founder and CEO Hong Yea stated, "Today is a historic day for GRVT. Our vision has always been to redesign and rebuild the global financial system on the blockchain, even though it is a challenging journey."Additionally, according to the Web3 asset data platform RootData, GRVT (Gravity) is an institutional-grade cryptocurrency trading infrastructure where institutional traders can access a fully private, regulated (KYC and AML), and self-custodied trading venue. Its hybrid exchange (HEX) uses zk-supported volition technology to separate trading and custody functions, eliminating counterparty risk.

ChainCatcher message, QCP Capital's latest analysis points out that the Federal Reserve's hawkish FOMC meeting has triggered a comprehensive sell-off of risk assets, with the Nasdaq plummeting 3.56%, the S&P 500 down 2.95%, and Bitcoin falling by 6.13%. Although the market expects the Federal Reserve to cut interest rates by 25 basis points, the downward adjustment of the dot plot has caused panic. Due to persistent inflation, the Federal Reserve is expected to cut rates only twice by 2025, which is below the market's general expectation of three times.QCP Capital believes that while it is easy to attribute this round of sell-off to the Federal Reserve's hawkish stance, the fundamental reason for the market crash lies in the previously overly optimistic market sentiment. Since the U.S. elections, risk assets have experienced a one-sided upward trend, making the market extremely sensitive to any negative news.

ChainCatcher news, QCP Capital's latest analysis points out that the Federal Reserve's hawkish FOMC meeting triggered a comprehensive sell-off of risk assets, with the Nasdaq plummeting 3.56%, the S&P 500 falling 2.95%, and Bitcoin dropping by 6.13%. Although the market expects the Federal Reserve to cut interest rates by 25 basis points, the downward adjustment of the dot plot has caused panic. Due to persistent inflation, the Federal Reserve is expected to cut rates only twice by 2025, which is below the market's general expectation of three times.QCP Capital believes that while it is easy to attribute this round of sell-off to the Federal Reserve's hawkish stance, the fundamental reason for the market crash lies in the previously overly optimistic market sentiment. Since the U.S. elections, risk assets have experienced a one-sided upward trend, making the market extremely sensitive to any negative news.

ChainCatcher news, QCP Capital's latest analysis points out that the last Federal Reserve meeting of 2024 is approaching, and a 25 basis point rate cut is expected. However, as U.S. inflation remains above the 2% target and the labor market continues to be strong, the statement and dot plot from this meeting may carry a hawkish tone.QCP Asia predicts three rate cuts in 2025, but the Federal Reserve may take a cautious approach to accelerating the pace of rate cuts. In terms of the market, QCP notes that liquidity across various markets is gradually declining, which could trigger price gaps and large-scale liquidations. Technical analysis shows that the Bitcoin daily chart has formed an Evening Star pattern and displays bearish divergence signals.Nevertheless, considering that Trump may return to the White House in 2025 and other favorable factors, QCP advises investors to remain calm during market corrections and not to easily close their positions.

ChainCatcher news, according to Decrypt, Singapore-based digital asset trading firm QCP Capital wrote in a report on Monday that the price ratio of Bitcoin to gold has reached a new high, further solidifying Bitcoin's status as "digital gold," gradually positioning it as "an increasingly favored store of value compared to traditional gold."Nevertheless, traders still tend to prefer gold over Bitcoin during uncertain times. Bitcoin has gradually become more correlated with traditional markets to some extent, partly due to the approval of the U.S. Bitcoin ETF in January this year.According to data from Coinglass, the total assets under management of global Bitcoin ETFs have reached $119 billion. According to the World Gold Council, as of November 2024, the total assets of gold ETFs amount to $290 billion, roughly double that of Bitcoin ETF assets.

ChainCatcher news, Singaporean crypto investment firm QCP Capital stated today that earlier in the Asian session, Bitcoin surged past $106,500, reaching another milestone. In the past 12 hours, the total amount of short liquidations reached approximately $151 million, driving this rally, as the weekend market lacked liquidity and traders became overly complacent (the funding rate on Deribit briefly turned negative), leading to a squeeze on short positions in the market. The Bitcoin-to-gold ratio reached an all-time high during this wave, further highlighting Bitcoin's status as "digital gold" and solidifying its position as a more popular store of value than traditional gold.The inclusion of MicroStrategy in the Nasdaq 100 index further boosted market sentiment. Michael Saylor hinted that even if the spot price exceeds $100,000, the company may continue to purchase Bitcoin. This inclusion could attract passive capital into MicroStrategy's stock, thereby indirectly making it easier for the company to raise funds to buy Bitcoin. This week's Federal Reserve meeting seems to be merely background noise for Bitcoin, as its movements remain firmly driven by market sentiment. Although the likelihood is low, if the Federal Reserve and Powell take an extremely dovish stance, it could still provide support for further increases in Bitcoin.

ChainCatcher news, QCP Capital's latest analysis points out that Bitcoin recently faced $1.5 billion in long liquidations, with the price plummeting by 3,000 points before rebounding at the critical support level of $95,000, currently consolidating in the $97,000-$98,000 range. This round of correction has also affected many altcoins.In terms of institutional entry, Bitcoin and Ethereum spot ETFs recorded net inflows for 8 and 11 consecutive days, respectively. Mining company Riot Platforms announced it would follow MicroStrategy's strategy, planning to issue $500 million in zero-coupon convertible bonds to purchase Bitcoin, a plan that has already garnered strong market demand. Notably, Microsoft shareholders will vote today on incorporating Bitcoin into the balance sheet. Although the board recommends against it, approval could lead to an unexpected surge. Meanwhile, reports indicate that Amazon shareholders are also pushing for Bitcoin to be used as a reserve asset.QCP points out that with the political situation stabilizing in France and South Korea, and China's commitment to launching economic stimulus policies, macro market volatility has eased. Bitcoin and Ethereum's short-term volatility remains high and leans towards put options. Analysts believe that a breakthrough of the $100,000 threshold for Bitcoin still requires key catalysts.

According to ChainCatcher news, monitored by Onchain Lens, the Bhutanese government has transferred 406.074 bitcoins to QCP Capital, worth 40 million dollars.Previous report indicates that the bitcoin held by the Kingdom of Bhutan's address has reached a market value of 1.1 billion dollars, currently accounting for 34% of its GDP.

ChainCatcher news, QCP Capital's latest analysis points out that $4000 and $100,000 are key price levels for ETH and BTC, respectively. From the options market perspective, the contracts expiring on December 27 have the largest open interest, with 90,000 contracts at the $4000 strike price for ETH and 16,000 contracts at the $100,000 strike price for BTC.Specific data shows that traders are taking profits on their $100,000 call options for BTC expiring on December 27 and may shift to options with a $130,000-$150,000 strike price expiring in March. Additionally, the funding rate for Deribit perpetual contracts remains stable, while the funding rates on major exchanges are slightly above normal, but the likelihood of a significant price increase remains low.From historical data, ETH typically reaches a new all-time high in January of the year following Bitcoin's halving. The ETH risk reversal indicator shows that bullish preferences are significantly strengthening starting in January next year. Although QCP maintains a structurally bullish view, it is expected that spot prices may remain in a range-bound oscillation during the remaining holiday season.

ChainCatcher news, QCP Capital's latest analysis points out that established cryptocurrencies have experienced a significant upward trend in the past two weeks since 2021. XRP has broken through its historical high of $2 in February 2021, surging 400% to $2.90 since November. During the same period, veteran projects like ADA, HBAR, and XLM recorded increases of 300%, 800%, and 600% respectively, showcasing the strong momentum of traditional crypto assets.This round of increase is mainly driven by two factors: first, Trump's proposal in November to eliminate capital gains tax on cryptocurrencies issued by U.S. companies; second, potential pro-crypto cabinet nominees. It is reported that current Cantor Fitzgerald CEO Howard Lutnick may take over as Secretary of Commerce, as his company is currently in negotiations with Tether. Meanwhile, the SEC chair position may be taken over by pro-crypto Paul Atkins, replacing current chair Gary Gensler.Although South Korea's implementation of martial law temporarily caused Bitcoin to drop to $93,500, the subsequent rapid rebound in the market indicates strong buying power. The report notes that while inflation concerns have compressed the expectation for three Fed rate cuts by 2025, and geopolitical risks from Trump regarding China, Mexico, Canada, and BRICS countries still exist, the cryptocurrency market is still expected to continue its upward trend.Analysts believe that with the potential launch of crypto-friendly policies by Trump's team and the continued entry of institutional investors, the goal of Bitcoin breaking $100,000 and Ethereum reaching new historical highs is shifting from a dream to reality. Investors are advised to pay attention to the strong market momentum and seize investment opportunities.

ChainCatcher news, QCP Capital's latest analysis indicates that after Bitcoin's price briefly broke above $97,000, it has retreated to above $95,000. The U.S. government's transfer of 10,000 Bitcoins (approximately $963 million) related to Silk Road has triggered short-term volatility, with the front-end volatility curve in the options market showing that put option premiums are higher than call option premiums.Institutional demand continues to strengthen, with a net inflow of $350 million into spot ETFs yesterday. MARA Holdings purchased $618 million in Bitcoin within two months, following MicroStrategy's investment strategy. Major mining companies like Riot Platform plan to suspend Bitcoin sales and consider expanding their holdings. Meanwhile, there are reports that Microsoft is considering purchasing Bitcoin, highlighting the growing interest of corporations in Bitcoin as a reserve asset.In the macro market, the S&P 500 index has set a new historical high for the 54th time this year. Several Federal Reserve officials have expressed a preference for lowering borrowing costs at the next meeting, but the final decision will depend on the upcoming economic data. Analysts expect that this decision could trigger market volatility during the announcement window.

ChainCatcher news, QCP released its daily outlook stating that Bitcoin briefly touched $98,000 during the Thanksgiving holiday, driven by Michael Saylor showcasing his Bitcoin investment strategy to Microsoft. Microsoft's shareholders are set to vote on December 10 whether to include Bitcoin on its balance sheet.Major Microsoft shareholders, such as Vanguard, BlackRock, and Fidelity, have gained exposure to cryptocurrencies by investing in MSTR, Coinbase, and other crypto companies. One might argue that they already have sufficient exposure. However, if the proposal passes, it would not only benefit Bitcoin but also positively impact their other investments.While waiting for Microsoft's decision next week, U.S. employment and labor data will again be in the spotlight this week. ISM manufacturing data and PMI data are scheduled for release on Monday and Wednesday, respectively. However, the focus of the week will be on Friday's non-farm payroll data. The market will closely monitor this week's reports to better gauge inflation trends, especially ahead of the interest rate decision on December 17-18.

ChainCatcher news, QCP Capital's latest analysis points out that after the PCE price index met expectations, BTC returned to the $95,000 mark. ETH performed strongly, with a rise of 11.65% yesterday, reaching a high of $3,688. The ETH/BTC ratio is currently at 0.03760, up 17.8% from last week, with the next key resistance level at 0.0400.Meanwhile, BTC's market cap share has retreated from a high of 61.50%. ETH spot ETFs continue to record strong net inflows, with $90.1 million flowing in yesterday, maintaining positive growth for four consecutive days. Considering that ETH's gains in this bull market have lagged behind BTC and SOL, its recent strong performance supports the potential for a retest of the historical high of $4,868, which still has a 35.4% upside from the current price.