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QCP Capital: The market expects Trump’s inauguration to boost optimism, and the current correction is just a short-term adjustment
Editor
2025-01-08 19:01 9,751
Golden Finance reported that QCP Capital’s latest analysis pointed out that Bitcoin fell back to the support level of $95,000 due to the impact of US employment data exceeding expectations. JOLTS job openings surged to 8.1 million, beating expectations of 7.74 million. Unexpected strength in the job market triggered risk aversion, and rising long-term bond yields led to a sell-off in risk assets. Bitcoin ETF inflows plunged 94% from $987 million to $52.9 million. Among them, BlackRock IBIT recorded significant inflows of $596 million, while ARK and 21Shares’ ARKB saw outflows of $213 million. QCP Capital believes that this week’s FOMC meeting and non-farm payrolls data will further affect the trend of Bitcoin. The market expects that Trump's inauguration will boost optimism, and the current pullback is only a short-term adjustment, laying the foundation for the next round of bull market rebound.
Keywords: Bitcoin
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