QCP Capital: Market macro sentiment improves, remains optimistic before the end of the year

Odaily Odaily News QCP Capital's latest report pointed out that it remains constructive and optimistic before the end of the year. A particularly encouraging factor is that the market has digested various "supply shock" news for BTC and ETH this week. After Jump canceled the pledge and sold ETH in this round, the market even rebounded. And made the following comments on the market this week: The current market macro sentiment has improved, and the slowdown in US inflation has boosted market confidence and pushed the stock market back to historical highs. The continued interest rate cuts by major central banks such as the Reserve Bank of New Zealand have strengthened the global monetary easing wave; the market is still concerned about the possible selling pressure from the US government address. The US government transferred 10,000 BTC (about US$591 million) related to the Silk Road law enforcement action to the Coinbase wallet. Although there is no confirmation of the sale, the market remains vigilant about the remaining more than 200,000 BTC and other crypto assets in the wallet. Musk did not discuss cryptocurrencies at all in his 2-hour interview with Trump, which disappointed the market.