QCP Capital: Despite the panic on social media, large hedge funds are still betting that BTC will rise to $100,000 by the end of the year

BlockBeats news, on July 13, QCP Capital posted on its official channel that the market has regained some stability this week, with BTC and ETH rebounding to the critical $58,000 and $3,100. The reasons for this rebound include:

· Macro sentiment is positive, inflation is slowing, and the market currently expects a 95% chance of a rate cut in September.

· The German government's 50,000 BTC sell-off is complete

· ⁠Spot ETF demand is strong, with a net inflow of about $1 billion this week.

In terms of volatility, although cryptocurrency social media and retail sentiment have been screaming panic, large hedge funds have been confidently and actively buying BTC upside, especially December and March call options, targeting a price level of $100,000-120,000.