QCP: Institutional buying becomes key support for Bitcoin, macro risks may trigger a pullback

QCP analysis points out that the rise in long-term government bond yields in Japan and the United States has led to increased global macroeconomic uncertainty. Although Bitcoin briefly rose to $108,000 today, its upward momentum depends on institutional buying, and a slowdown in purchases could trigger a pullback. Despite facing adverse factors such as rising bond market interest rates, increasing trade pressures, and U.S. stagflation concerns, BTC has remained resilient over the past month, and breaking through historical highs may trigger a new round of FOMO.