The Secret of Bitcoin's Rise: QCP Report Revealed

Recently, the price of Bitcoin (BTC) has surpassed the 125 thousand dollars level, reaching a new peak. According to QCP Capital, this rise is attributed to the increasing safe-haven demand due to the potential shutdown of the United States government and the strong interest shown by individual investors. The company's newly published report states that this situation has allowed Bitcoin to reach its all-time high.

QCP particularly emphasized that the foundation of this rise lies in the demand from individual investors rather than institutional ones. The report notes that despite the recent price increase occurring above the 123 thousand dollars level, there has been no selling pressure from large wallets. This indicates that whales are maintaining their positions, highlighting the strength of retail demand once again.

According to QCP Capital's report, the increase in appetite among leveraged investors also played a role in Bitcoin's rise. The funding rate on the Deribit exchange reached %35, while on Hyperliquid, this rate was %29. QCP drew attention to the fact that high funding rates usually carry a correction risk in the short term, warning of a potential significant price fluctuation in the current situation.

On the other hand, the macroeconomic factors behind the recent surge in Bitcoin's price are also noteworthy. The %12 increase in Bitcoin's price over the past week encompasses effects such as rising gold prices and the potential government shutdown in the U.S. This has led to Bitcoin being perceived again as a "digital safe haven." Additionally, the decline in Bitcoin supply on exchanges to its lowest level in six years has contributed to a tight supply-demand balance.

However, QCP emphasized that for this rise to be sustainable, institutional inflows must continue. Notably, the 3.2 billion dollars in inflows seen in spot ETFs last week will be a critical factor in determining the direction of Bitcoin. Investors must carefully monitor these developments, as they hold significant importance for the future of the market.