Wu said he learned that QCP Capital said Japan’s 10-year government bond yield has fallen by about 10 basis points, temporarily easing pressure on global liquidity from capital outflows and the unwinding of yen carry trades, pushing Bitcoin back up to around $64k. Despite pressures from geopolitical tensions, oil prices, and a stronger US dollar, Bitcoin quickly found buy-side support after falling to about $61.5k. QCP believes the market still hinges on the direction of the US dollar and real yields; only a continued hold above $64k can further confirm a recovery in the second half of the year.

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SoftRugDetective
· 4h ago
The JPY carry trade hurdle has been passed, but geography and oil prices still hang over the market like a sword; longs shouldn’t rush to pop champagne yet.
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GateUser-c44b371b
· 4h ago
The real interest rate is the real king—QCP just said it bluntly.
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GateUser-6fd3205e
· 5h ago
Holding above 64,000 is just the ticket; whether the recovery is confirmed still depends on the Federal Reserve’s mood.
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EchoesOfMistValley
· 5h ago
It bounced up from the 6.15 level pretty fast—the buy-side is definitely strong.
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TvlDownBad
· 5h ago
The liquidity pressure is temporarily eased ≠ liquidity has returned—wake up.
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Stop-LossLineForTheEveningGlow
· 5h ago
Even Japan’s government bond volatility can spread into the crypto market—this globalized arbitrage chain is more fragile than you might think.
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SpiralCandlestickCollecting
· 5h ago
Did 64,000 hold the line—so can the plot be written for the second half of the year?
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