QCP: BTC stabilizes after fluctuations, institutional support remains strong.

According to ChainCatcher news, QCP released a briefing stating that the crypto market experienced large-scale liquidations yesterday, with over $1.7 billion in leveraged positions being liquidated. The market currently shows signs of stabilization, with BTC maintaining above $112,000 and ETH near $4,100. The altcoin season index has significantly dropped to 65, while BTC's market dominance has risen to 57%, indicating that funds are flowing back into Bitcoin. Despite the weak short-term performance, institutional attitudes remain positive, with spot ETFs continuously recording inflows. Traders have begun positioning for October (the historically strongest month for BTC), with active demand for call options at $120,000 to $125,000. This week, Powell's speech and the core PCE data will be the focus of the market.

BTC-0.57%
ETH-0.36%
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