<ul><li>Institutional demand for spot Bitcoin ETFs remains strong, providing a solid base of support.</li><li>Front-end implied volatility is firm, with traders preparing for potential headlines from the Bitcoin Conference in Las Vegas.</li><li>QCP analysts highlighted historical precedent from last year's Bitcoin Conference causing significant volatility.</li><li>QCP expects Bitcoin to stay within its current trading range near $110,000 post Bitcoin Conference, anticipating a decline in implied volatility.</li></ul>

Here Is Why Bitcoin Is Stuck Around $110,000

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