QCP: The encryption market correction is healthy, and the overall upward trend is stable.



According to news from HashWorld, the QCP report points out that after the release of the US PPI data, the possibility of a 50 basis point rate cut has been largely ruled out. In the cryptocurrency sector, the US Treasury Secretary does not intend to sell confiscated bitcoins and is committed to exploring a budget-neutral path to acquire more bitcoins. Bitcoin has stabilized around $119,000 after falling from a high of $124,000 to $117,000, with risk reversals significantly skewed towards bearish options. Despite the pressure from macro factors, QCP believes that the upward trend initiated in April of this year remains intact, supported by payment integration, balance sheet configurations, as well as speculative positions and increased corporate adoption.

$BTC #Cryptocurrency # Blockchain #QCP # CryptoMarket #MarketTrends
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