QCP: BTC monthly increase exceeds 14%, geopolitical and security incidents disturb market sentiment

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Deep Tide TechFlow News, April 27th, QCP Group issued an analysis stating that the US-Iran negotiations have once again broken down, the Middle East ceasefire continues, and the geopolitical landscape remains largely static. A shooting incident occurred at the White House Correspondents’ Dinner, with Trump suspected as the target. After the Asian market opened, Bitcoin briefly broke through $79,000, and ETH surpassed $2,400, but then concerns were triggered by news of Iran’s foreign minister traveling to Russia for talks with Putin, causing the gains to quickly retreat.

Since April, Bitcoin has increased by over 14% in total, closing higher for four consecutive weeks. Spot ETF inflows have totaled approximately $2.11 billion over nine days of net inflows, and Strategy’s monthly Bitcoin holdings have increased by over $3.8 billion. The current key resistance level in the market is near the CME gap at $82,000. The funding rate for Bitcoin perpetual contracts remains negative, which could lead to upward price breakthroughs or trigger short covering. Implied volatility continues to decline, and the skew of risk reversals has narrowed, with market interest in upside exposure gradually returning.

Key focus this week: April 29th earnings reports from Microsoft, Amazon, Meta, and Google, as well as the FOMC interest rate decision; April 30th earnings from Apple, US Q1 GDP, and March PCE data.

BTC-0.13%
ETH-0.62%
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