QCP: Bitcoin rises back to 87K, and its safe-haven properties may regain institutional favor

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QCP Capital analysis points out that Bitcoin strongly rebounded and broke through $87,000 during Easter, recovering from the decline caused by Trump's "Liberation Day" remarks on April 2nd. Gold simultaneously hit a new historical high, reinforcing the Bitcoin "safe-haven asset" narrative. Last week, BTC spot ETF saw net inflows of $13.4 million, and the options market sentiment became balanced, showing initial signs of institutional confidence recovering. If Bitcoin breaks through the key resistance level of $88,800, it may signify a substantial shift in traditional market positioning.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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