QCP: BTC remains stable at 80K, the market is paying attention to the Fed's decision
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QCP Capital analysis pointed out that a BTC whale opened a $400 million short position (40x leverage) at the 84K price level over the weekend. The market once tried to force the position to be liquidated, but the position is still being held, generating nearly $400,000 in funding fees. The current crypto fear and greed index is 32%, indicating a high level of market risk aversion, but BTC is still holding above the 80K critical support level, outperforming the US stock market. The focus this week includes the US retail sales data on Monday and the FOMC meeting on Wednesday, with the market expecting the Fed to keep interest rates unchanged and looking for any signals of policy adjustments.
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