QCP Capital: The market rebound forms support for "Rising October", and BTC needs to effectively break through $115,000 to confi
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最新报道：QCP Capital stated in a statement that cryptocurrencies are showing initial signs of recovery after last week's sell-off. BTC and ETH rebounded to $112,000 and $4,100, respectively. Despite significant ETF outflows (particularly last Friday), spot prices stabilized over the weekend, suggesting that end-of-quarter basis liquidations may have been the primary driver of redemptions, and that the market's ability to absorb the selling pressure exceeded expectations. With the spot market rebounding, this week's ETF flows will set the tone for institutional demand ahead of a seasonally bullish month. Despite a volatile month, BTC still saw monthly gains exceeding 3%, supporting the so-called "Uptober" market. However, it's important to note that BTC needs to successfully break through the $115,000 mark to confirm a new uptrend. This hesitation is reflected in the options market: as trader confidence rebuilds, bearish skewness and open interest in BTC and ETH are gradually returning to normal.
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