QCP Capital: Market sentiment is turning bullish on Bitcoin

According to news on April 6, crypto market maker QCP Capital said in its latest market report that although Bitcoin price fluctuations have been limited in the past week, market sentiment is turning bullish on Bitcoin, mainly based on the following five reasons: 1. In recent days, Spot Bitcoin ETF inflows increased significantly, reaching $232 million on Thursday; 2. Traditional financial giants such as Citadel, Goldman Sachs, UBS and Citigroup will serve as authorized participants of the BlackRock Bitcoin ETF, which is a piece of good news; 3. The market continues to A large number of Bitcoin call options were bought (Ethereum call options saw a large amount of selling); 4. The Bitcoin perpetual contract funding rate is flat, the forward curve is lower, and the leverage level is reduced; 5. The upcoming Bitcoin halving narrative.