QCP Captal: BTC temporarily fell back to last week's level, it is recommended to suspend trading

Odaily Planet Daily Report: QCP Capital posted on its official Telegram channel that "since our last post, BTC has fallen below $93,000, and over $430 million in long positions have been liquidated. This drop coincided with the end of a five-day net inflow into the spot ETF, which recorded an outflow of $438 million on Monday, and MicroStrategy's stock price fell another 4.4%. This pullback occurred after MicroStrategy's record $5.4 billion BTC purchase last week. With the approaching U.S. holiday and no immediate catalysts to drive prices higher, the path to the symbolic $100,000 level for BTC has stalled. ETH's implied volatility has sharply shifted towards put options rather than call options, reflecting a similar sentiment as the market catches its breath. Concerns about downside risks to BTC may intensify, especially with the FOMC meeting minutes tonight and the PCE data release on Wednesday. However, in the long run, this is not an excessive correction. BTC has simply retreated to the levels seen at the beginning of last week. The market has become extremely overbought and over-leveraged since the election, so a pause in trading is inevitable."