QCP: Bitcoin's recent sharp fluctuations are more like a "liquidity reset than a structural collapse".

According to TechFlow TechFlow, on February 12th, Elbert Iswara, head of QCP, stated on Money FM 89.3 radio that Bitcoin's recent sharp fluctuations are more like a liquidity reset than a structural collapse. Although the price briefly fell to $60,033, the subsequent rebound shows that long-term investors and institutional demand remains. He pointed out that Bitcoin's current movements are mainly influenced by the macroeconomic environment, while factors such as ETF outflows, derivative positions, and leveraged liquidations have exacerbated the volatility. Iswara advised investors to pay attention to the key price range of $60,000 to $65,000, ETF fund flows, leveraged liquidations, and changes in the correlation between Bitcoin and stocks, and believes that in the short term, Bitcoin should be treated as a high-beta asset for risk management.