QCP Says Bitcoin Rally Toward $80K Has Solid Spot Support as Fed Risk Rises

TLDR: QCP says Bitcoin’s $80K rebound is backed by $2.8B in ETF inflows as futures open interest declines. Bitcoin futures open interest fell from 646,000 BTC to 588,000 BTC even as prices climbed toward $80,000. September Fed hike odds rose to 56%-60% after Warsh’s speech, while Bitcoin slipped back below $78,000. QCP sees $81K-$86K as [...]

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