QCP's analysis this time is quite heartbreaking, with 67-68k becoming the life-and-death line, and the strategy of selling coins to pay dividends is also unmatched, macro + deleveraging double kill, let's just hold on for now.

CoinDesk reports that, according to QCP analysis, BTC fell by about 11.6% this week and failed to regain key momentum levels. QCP noted that Strategy sold 32 BTC in late May to pay preferred stock dividends—although the amount was relatively small, it weakened market sentiment. In addition, the Middle East situation, stalled negotiations between the US and Iran, rising oil prices, and US job vacancy data coming in stronger than expected have left BTC facing both crypto deleveraging and macro pressure at the same time. The options market shows defensive demand is still present, with 30-day at-the-money implied volatility rising to about 41.4. QCP believes that unless BTC recovers and holds the $67,000 to $68,000 range, any rebound may still face pressure.