QCP: Bitcoin's strong gains this week, market share reaches multi-year high

The QCP analysis points out that Bitcoin rose 10.48% this week, just one step away from the psychological barrier of $70,000. BTC ETF continues to attract inflows, with $203.3 million inflows on Friday, indicating strong institutional demand. The US SEC's approval of BTC ETF options listing will increase liquidity and attract more sustained inflows. In addition, Bitcoin's market share has reached a multi-year high of 58%, approaching the critical resistance level of 60%, which may create conditions for the revival of L1 projects. Meanwhile, Japan's inflation rate has fallen back to 2.5%, and the market expects the Bank of Japan not to raise interest rates in the near term, which has further pushed down the USD/JPY exchange rate and strengthened the market's risk appetite sentiment.