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QCP: The demand for BTC remains strong, and the price is expected to stabilize support by the end of the year.
Deep Tide TechFlow News, November 21st, QCP released the latest report, which showed that BTC reached a historic high of $97,900 this morning, driven by yesterday's market pump. This pump is due to the rise in optimism about Cryptocurrency, especially the increasing importance of BTC in the corporate world and the increase in capital inflows.
MicroStrategy is expected to raise $2.6 billion for the purchase of more Bitcoin. MSTR Market Cap has surpassed $100 billion and is leading the volume in the US market last night.
Several corporate finance departments, following the example of MicroStrategy, have included BTC in their reserves, with Acurx Pharmaceuticals reportedly purchasing $1 million worth of BTC.
As the inauguration ceremony of Trump approaches, the market's enthusiasm for purchasing call options in January is high.
Outlook:
BTC is stable above $97,000, just a step away from the $100,000 milestone. This week, we observed strong demand for bullish call options in March and June, indicating investors' long-term bullish attitude towards next year.
BTC Spot ETF has been winning for three consecutive days, with a net inflow totaling 1.84 billion US dollars. This year, BTC ETF has been the biggest factor driving additional capital inflows into BTC, with a net inflow of 29.4 billion US dollars in the United States.
With the further relaxation of monetary policy by Central Banks around the world, the strong demand for Bitcoin (BTC) continues to exist, and it is expected that the price will be supported and maintained until the end of the year.