ChainCatcher reports, crypto investment firm QCP Capital stated that Bitcoin broke through $87,000 during the early Asian trading session, reversing the sell-off triggered by Trump's "Liberation Day" announcement, which starkly contrasts with the "Christmas rally" from last December. Meanwhile, gold also rose to new highs, boosted by trade tensions and a weakening US dollar. Against the backdrop of stock market declines and expanded April losses, the narrative of Bitcoin as a hedge or inflation protection tool has gained renewed attention, and if the trend continues, it may provide new momentum for institutional Bitcoin allocation.
Signs of returning institutional confidence are emerging, with Bitcoin ETF net inflows of $13.4 million last week, in contrast to the previous week's $708 million net outflow. Options market positions are becoming more balanced, and the risk reversal indicator is stabilizing. As Europe remains on holiday, the market may need several days to confirm the trend, with the correlation between Bitcoin, gold, and stocks warranting close observation. Currently, the key resistance level of $88,800 is being closely monitored, and conclusions are being approached with caution.
