QCP: Institutional demand for Bitcoin continues to grow, and interest in Bitcoin as a reserve asset continues to increase

The QCP analysis points out that institutional demand continues to grow, with the spot Bitcoin ETF recording another $350 million in inflows yesterday, and MARA Holdings, following MicroStrategy, has also purchased $618 million worth of Bitcoin in the past two months. Multiple cryptocurrency mining companies, including Riot Platform, are gradually inclined to suspend Bitcoin sales, and some companies are even considering expanding their holdings. Additionally, there are reports that Microsoft is planning to purchase Bitcoin, further highlighting the interest and recognition of enterprises in Bitcoin as a reserve asset. The S&P 500 index has set a new all-time high 54 times this year. At the same time, several Federal Reserve members have expressed a tendency to lower borrowing costs at the next meeting, but the specific decision will still depend on the upcoming economic data. This news may increase market volatility within the event window.