QCP: Michael Saylor hints at increasing BTC holdings at prices above $100,000, Bitcoin/Gold ratio hits record high

Odaily reports that Bitcoin broke through $106,500 in early Asian trading. Over the past 12 hours, around $151 million in short positions were liquidated, driving this rally. The market squeezed the shorts in a low-liquidity and lethargic weekend (Deribit's funding rate turned negative at one point), accelerating the rise in Bitcoin's price. During this period, the Bitcoin/Gold ratio hit a new all-time high, further strengthening Bitcoin's position as "digital gold" and consolidating its role as a more preferred value storage tool compared to traditional gold. MicroStrategy's inclusion in the Nasdaq 100 index also added momentum to market sentiment. Michael Saylor hinted that the company will continue to buy Bitcoin even if the spot price exceeds $100,000. This inclusion may trigger passive fund inflows into MicroStrategy's stock, making it easier for the company to raise funds to buy Bitcoin. This week's central bank meeting seems to be just background noise for the crypto market, as Bitcoin is still entirely driven by market sentiment. Although the possibility is extremely low, if the Fed and Powell take an extremely dovish stance, it could still provide further upside momentum for Bitcoin.