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QCP: The crypto market is experiencing a healthy pullback, and the overall rise trend will not be affected.
Golden Finance reported that QCP released a report indicating that the release of the US PPI data has essentially eliminated the possibility of a 50 basis point interest rate cut. In the crypto assets sector, US Treasury Secretary Yellen stated that there will be no sale of seized Bitcoin and emphasized a commitment to explore budget-neutral ways to acquire more Bitcoin to expand reserves. Bitcoin has stabilized around $119,000 after falling from a high of $124,000, with risk reversals clearly leaning towards put options. Despite the pressures from macro factors, QCP believes that the upward trend in crypto assets that began in April this year remains intact, supported by payment integration, balance sheet allocation, speculative positions, and the continuously increasing corporate adoption rate.