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QCP: Bitcoins momentum is strong and it has surpassed $122,000, driven by institutional demand

By: odaily.com|2025/07/14 17:11:36
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Odaily News QCP Asia said in its latest market briefing that Bitcoin has continued to rise and has exceeded $122,000. The market has clearly underestimated the strength of this parabolic rally. This round of rise is driven by key technological breakthroughs and a surge in institutional demand. The Crypto Fear and Greed Index jumped from 40 to 70 in three weeks, and the sentiment quickly shifted from fear to greed.
QCP pointed out that the net inflow of Bitcoin spot ETFs exceeded $2 billion last week, indicating strong momentum for institutional entry. In the derivatives market, leveraged long positions have increased significantly, the funding rate of perpetual contracts is close to 30%, and the total amount of open contracts has exceeded $43 billion, close to the level when BTC returned to $100,000 in January.
Although the short-term top is not yet clear, options market data show that short-term implied volatility has risen but is still below last years average, reflecting that the market is maturing. The demand for call options in September and December continues to be strong, indicating that some traders tend to be cautious about short-term volatility while maintaining long-term optimistic expectations.
QCP said that although it maintains a structural bullish view, it tends to choose opportunities to deploy in potential pullbacks at the current price rather than blindly chasing the rise.

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