QCP: The "September effect" drags down the market, but year-end optimism remains
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最新报道：According to Bijie.com, QCP released its daily market watch on September 25th, stating that the cryptocurrency market remains under pressure as September draws to a close. US stocks fell sharply overnight, but Chinese concept stocks have been relatively resilient, bucking the trend and outperforming the broader market. Bitcoin is currently barely holding support at $111,700, while Ethereum has fallen below the $4,100 mark, which it has held since early August. Further declines could retest recent lows, with $107,000 for BTC and $3,300 for ETH being the next levels to watch. Despite the market sell-off, institutional demand shows little sign of abating. Bitcoin spot ETFs attracted $241 million in inflows overnight, ending two consecutive days of outflows. Signs of bargain hunting remain evident, with October BTC call options at $118,000 dominating options trading activity that day. As the fourth quarter approaches (historically a more positive period), market optimism remains, supported by easier credit conditions. Markets are currently pricing in another 25 basis point rate cut in October and another in December. Barring a surprisingly strong non-farm payroll report next week, this outlook is likely to persist.
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