institutions

QCP: Bitcoin shows resilience under pressure, institutions continue to buy to support market sentiment

ChainCatcher news, QCP released today's briefing stating, "Despite the escalating tensions in the Middle East, Bitcoin has yet to show signs of widespread panic. After an initial shock triggered by Iran-Israel related news last Friday, the benchmark cryptocurrency has recovered, bouncing back from a weekly low of $102,800 to $107,000.The resilient price performance of Bitcoin seems to be supported by ongoing institutional accumulation. Notably, Metaplanet and Strategy have been consistently buying the dips, while the spot Bitcoin ETF has recorded inflows for the seventh consecutive week. The market appears to have regained its footing, especially after Bitcoin managed to hold the key psychological threshold of $100,000 despite experiencing initial shocks.More broadly, in the face of rising geopolitical risks, the market has shown remarkable calm. Bitcoin's recent implied volatility has remained below 40, while the VIX index hovers around 20. Given the current backdrop, both levels are historically relatively subdued. There has been an inflow of funds into U.S. Treasuries and a range of Asian government bonds, highlighting that the market has not fully shifted to a risk-off mode.However, cautious sentiment still lurks beneath the surface. Iran's potential blockade of the Strait of Hormuz could trigger a spike in oil prices, and further escalation or direct U.S. military intervention could severely disrupt global risk assets.There are also views suggesting that these risks may in themselves constitute a structural positive for Bitcoin. With the asset's trading price only about 6% lower than its all-time high, recent price action has reinforced the narrative that Bitcoin adoption is driven by macro turmoil, rising sovereign debt burdens, and geopolitical vulnerabilities."

QCP Capital: The macro environment remains favorable for institutions to further participate in digital assets and allocate capital

ChainCatcher news, QCP Capital stated in an official channel that the market welcomes the tentative progress in Sino-U.S. relations. President Trump announced a partial withdrawal of the proposed tariff increase plan, and the agreement has entered its final stage, awaiting formal approval. However, the optimistic sentiment remains subdued. The U.S. Secretary of Commerce has taken a hard stance on technology exports, clearly stating that the U.S. "will not provide China with advanced chips." This highlights the trend of divergence in the global supply chain, as the market increasingly incorporates this factor into the pricing considerations of cross-border trade dynamics.Geopolitical tensions have escalated again, as nuclear negotiations have stalled, and the U.S. begins to withdraw diplomatic personnel from the Middle East. Reports indicate that Washington has received warnings about Israel potentially striking Iranian nuclear facilities, triggering a sharp reaction in the oil market. Brent crude oil rose by 7%-9% during the day, as investors shifted to defensive assets, leading to a sell-off of risk assets.Additionally, speculation about Bessent potentially succeeding Jerome Powell as the Chairman of the Federal Reserve has intensified but was quickly downplayed. Bessent publicly reiterated his commitment to serve at the Treasury until 2029. Meanwhile, after U.S. CPI data came in below expectations, President Trump once again pressured the Federal Reserve to "fully cut rates by 100 basis points," citing the unsustainable high cost of debt servicing.In summary, QCP Capital believes that despite a slight pullback, the macro environment remains favorable for institutions to further engage in digital assets and capital allocation.

Bitget launches the second Anti-Fraud Month, collaborating with multiple institutions to build a Web3 security defense line

ChainCatcher news, Bitget officially launches the second global "Anti-Scam Month" campaign, continuing to promote awareness of cryptocurrency scam prevention. According to Chainalysis data, losses from cryptocurrency scams exceeded $9.9 billion in 2024, a 24% increase from 2020. Starting in 2024, Bitget will designate June each year as "Anti-Scam Month," assisting users in enhancing their asset and privacy security through systematic educational activities.This year's campaign is themed "Smarter Eyes, Stronger Shields," combining gamified interactions, community stories, and security popularization to encourage users to enhance their awareness and ability to identify risks. Bitget has also launched a new "Anti-Scam" action page, introducing activities such as the "Smart Glasses Avatar" campaign, a security blog column, and the anti-scam mini-game "Spy Anti-Scam Guard."On the collaboration front, Bitget partners with security organizations such as GoPlus, SlowMist, OneKey, BlockSec, and Security Alliance, as well as Web3 projects like Bitget Wallet, Morph, and Tapswap, to jointly promote the construction of the cryptocurrency security education ecosystem. In addition, Bitget will collaborate with SlowMist and Elliptic to release the "2025 Anti-Scam Report," systematically outlining current scam trends and the upgrade paths for defense mechanisms.
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