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QCP: Bitcoin Demonstrates Resilience Under Pressure as Institutional Buying Continues to Support Market Sentiment

QCP: Bitcoin Demonstrates Resilience Under Pressure as Institutional Buying Continues to Support Market Sentiment

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ChaincatcherChaincatcher2025/06/16 09:50

According to ChainCatcher, QCP released a daily briefing stating, "Despite escalating tensions in the Middle East, Bitcoin has yet to show signs of widespread panic. After initial volatility triggered by Iran-Israel related news last Friday, the benchmark cryptocurrency has recovered its losses, rebounding from a weekly low of $102,800 to $107,000.

Bitcoin's notably resilient price performance appears to be supported by ongoing institutional accumulation. Notably, Metaplanet and Strategy have continued to buy on dips, while spot Bitcoin ETFs have recorded seven consecutive weeks of inflows. The market seems to have regained its footing, especially as Bitcoin managed to hold the key psychological threshold of $100,000 despite the initial shock.

More broadly, the market has demonstrated remarkable composure in the face of rising geopolitical risks. Bitcoin's recent implied volatility has remained below 40, while the VIX index hovers around 20. Given the current context, both levels are historically subdued. Inflows into US Treasuries and a range of Asian government bonds highlight that the market has not fully shifted into risk-off mode.

However, caution remains beneath the surface. A potential Iranian blockade of the Strait of Hormuz could trigger a spike in oil prices, and further escalation or direct US military involvement could severely disrupt global risk assets.

There are also views that these risks themselves may be structurally positive for Bitcoin. With the asset trading only about 6% below its all-time high, recent price action has reinforced the narrative that Bitcoin adoption is being driven by macroeconomic turmoil, rising sovereign debt burdens, and geopolitical vulnerabilities."

 
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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