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BTC Holds Strong Despite Macro Turmoil, Says QCP Capital

  • A sharp U.S. policy shift, doubling steel tariffs on China to 50% and expanding tech sanctions, led to a broad risk-off move and nearly $1 billion in crypto liquidations since Friday.
  • Despite the turmoil, BlackRock’s IBIT ETF saw $430 million in outflows, but BTC remained stable above $102,000.
  • Metaplanet purchased an additional $114 million in Bitcoin after the selloff, increasing its BTC holdings to 8,888.
  • QCP Capital notes that short-term volatility has decreased significantly and anticipates rangebound BTC trading in the short term, focusing on key levels at $100,000 and $110,000.

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