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QCP: This round of pump has more structural support than the previous one, and speculative chase the price sentiment has decreased.
Golden Finance reports that QCP has released a report stating that the price of Bitcoin has once again set a historical high, breaking through the $111,000 mark. Despite the weak auction of 20-year U.S. Treasury bonds leading to a general pullback in risk assets, Bitcoin still demonstrated strong resilience, completing a V-shaped rebound during the Asian trading session and reaching a new high. In stark contrast to gold, which has stagnated at $3,300 per ounce, Bitcoin has entered a price discovery mode. While market volatility is high, this round of gains is considered to have more structural support than the previous one, with speculative buying sentiment diminishing. The options market shows that investors are gaining confidence in the upward trend, with a large number of September 130K call options being snapped up. The improved U.S. regulatory environment, the continued inflow of institutional capital from ETFs and direct spot allocations, along with Strategy's $2.1 billion perpetual preferred stock issuance (STRF) potentially used to increase Bitcoin holdings, provides further upward momentum for prices.