QCP: A short-term bottom may be forming, and the market expects to maintain range-bound fluctuations.

BTC1,54%
ETH0,62%

BlockBeats News, February 11 — QCP Capital released a market analysis on their official channel, stating that Bitcoin and Ethereum rebounded from last week’s lows, sparking market optimism, and a short-term bottom may be forming. QCP still expects BTC to remain in a range-bound oscillation as the market awaits new catalysts. Capital inflows are currently the main driving force.

Yesterday, spot BTC ETF saw a net inflow of $145 million, continuing Friday’s inflow of $371 million and ending previous consecutive outflows, indicating that institutional demand is re-emerging. Spot ETH ETF also shifted from three days of outflows to a net inflow of $57 million, while Tom Lee’s BitMine continues to accumulate, providing strong support for Ethereum.

On the macro level, conditions are showing marginal easing. Tensions between the US and Iran appeared to ease after negotiations last Friday, and weak employment data suggest the Fed may cut interest rates in March. The focus now shifts to non-farm payrolls and CPI reports, both of which could quickly reshape Fed expectations and risk appetite. The selling pressure from US-led spot sales has eased, but market sentiment remains fragile, with the fear and greed index still at extreme fear levels. The BTC/ETH ratio remains stable between 33 and 34, indicating limited rotation; although implied volatility has retreated from high levels, it remains elevated. In the upcoming week filled with macroeconomic data, actual volatility is expected to stay firm.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Giant whale “first set 10 big goals” keeps adding to BTC and ETH short positions, with a position size of up to $270 million

Gate News announcement, April 10, the whale “sets 10 big targets first” (social media account @Jason60704294) has updated its latest positions. Currently, total unrealized profit is $644k. The specific holdings include: BTC short positions of 2567.49 units, entry price $71,554.61, unrealized loss of $644k; ETH short positions of 38,465.22 units, entry price $2,248.74, unrealized profit of $1.37M.

GateNews36m ago

Bitcoin sees over 27k options contracts expire! Analyst: Bear market characteristics continue to dominate

According to Greeks.live data, April 10 saw BTC and ETH options expire. For BTC options, the number of contracts was 27,000, the Put/Call Ratio was 0.71, and the maximum pain point was $69,000. For ETH, it was 151,000 contracts, and the Put/Call Ratio was 0.77. The analysis indicates that market characteristics are skewed bearish, and falling implied volatility suggests the market expects less short-term volatility. Despite the recent rebound, internal momentum in the market has not formed, and no clear sentiment shift has been observed.

MarketWhisper38m ago

Today, BTC and ETH options with a nominal value of $2.27 billion expire, and the IV index drops sharply

On April 10, 27k BTC options and 151k ETH options expired, with Put Call Ratios of 0.71 and 0.77, respectively. Bitcoin broke above $72,000 on news of a U.S.-Iran ceasefire, but the overall market is still in a correction phase, and implied volatility has fallen significantly.

GateNews50m ago

Bitcoin Gets First Working Prototype of Quantum-Resistant Wallet Rescue Tool

Olaoluwa Osuntokun of Lightning Labs has revealed a prototype for a Bitcoin wallet rescue mechanism to aid wallets at risk due to future quantum upgrades. The tool leverages zk-STARK proofs and aims to provide a fallback for BIP-86 wallets, allowing them to transition to a post-quantum environment without exposing sensitive seed information.

CryptoNewsFlash1h ago

A giant whale deploys a $53.0 million position of going long 多BTC空HYPE and shorting HYPE; as HYPE rises today, it results in a daily loss of $9.0 million.

A giant whale recently deployed large-scale hedging positions on-chain, including $30.4 million in BTC long positions and $23.2 million in HYPE short positions, for a total size of about $53 million. As HYPE rises, this portfolio faces losses, with a net loss of roughly $300k. Previously, this address profited $37.1 million across a variety of altcoins using a similar strategy.

GateNews1h ago

Bitcoin community gospel! The first quantum-resistant Bitcoin trading solution that requires no soft fork, QSB, is here

StarkWare’s Avihu Levy publicly unveils a post-quantum bitcoin trading scheme, “Quantum Safe Bitcoin (QSB),” which can fend off quantum attacks without modifying the Bitcoin protocol. QSB addresses the quantum-safety problem using a hash function; it runs within the existing framework, and each transaction requires roughly $75 to $150 in computational fees. The scheme has not yet been integrated into consumer wallets, so users should avoid reusing addresses and monitor the wallet development progress.

ChainNewsAbmedia1h ago
Comment
0/400
No comments