<ul><li>Crypto trading firm QCP Capital suggests that the shallow sell-off in crypto markets following Iran's attack on Israel indicates healthy market demand for risk-on assets.</li><li>While traditional financial assets experienced a relatively muted sell-off, the digital assets market, including Bitcoin, was hit harder following the attack.</li><li>QCP Capital notes that Bitcoin seems to have found strong support at the $60k level but warns of a potential drop to $55k if the Middle East situation escalates further.</li><li>The report also mentions China's economic policy actions, drawing parallels to Japan's tactics in the 1990s, and suggests that liquidity from the PBoC and potential fiscal support could positively impact global assets, including crypto.</li></ul>

Crypto Market’s “Shallow Sell-Off” Indicative Of Strong Bid For Risk Assets: Trading Firm

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