According to ChainCatcher, QCP Director Elbert Iswara 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 dipped to $60,033, the subsequent rebound indicates that demand from long-term investors and institutions remains.
He pointed out that the current Bitcoin price movement is mainly influenced by the macroeconomic environment, while factors such as ETF outflows, derivative positions, and leveraged liquidations have exacerbated volatility. Iswara advises 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 Bitcoin should be treated as a high-beta asset for risk management in the short term.
