QCP: BTC and ETH strengthen amid geopolitical tensions, stablecoin supply hits a new high
QCP released the latest market report indicating that against the backdrop of ongoing geopolitical tensions, the cryptocurrency market has shown relative strength, with Bitcoin and Ethereum breaking through $74,000 and $2,270 respectively, while stocks and gold assets remain under pressure during the same period. The report believes that this trend is reinforcing the narrative of "digital safe-haven assets" and "geopolitical hedging tools."
QCP stated that tensions related to Iran may drive an increase in on-chain activity and cross-border liquidity demand. Data shows that last week, the supply of USDC rose to a historical high of approximately $81.1 billion, with overall stablecoin supply increasing simultaneously, indicating new inflows into the cryptocurrency market amid global uncertainty.
Institutional demand has also shown signs of recovery. Bitcoin ETFs have seen net inflows for five consecutive trading days, with BlackRock's ETF recording inflows for the third consecutive week, totaling approximately $1.75 billion. Meanwhile, Strategy continues to increase its Bitcoin holdings.
In the options market, spot prices are approaching the important end-of-month strike price BTC-27MAR26-75K-C (approximately 8,000 contracts). The report notes that if the price effectively breaks through $75,000, it may trigger a rally driven by the Gamma effect, while $74,500 remains a key short-term resistance level, with a dense area of short liquidations above.
You may also like

OKX Star analyzes Binance's competitive advantages: when regulation levels the playing field, competition has just begun

Full version of the debut Q&A! Federal Reserve Chairman Waller: Sticking to the 2% inflation target, establishing five special working groups, individual did not submit the dot plot

From Disruptor to Shadow Market: The Crypto Market is Becoming a Colony of Traditional Finance

Dalio's important long article: How to position in the current market environment?

DeepSeek Financing Story

Morning Report | Illinois signs the strictest digital asset tax law in the U.S.; RWA tokenization market size surpasses $43 billion, institutions accelerate the migration of on-chain assets

Morning Report | DeepSeek completes over $7 billion in financing, with a valuation exceeding $50 billion; Musk's personal wealth has surpassed the total market value of Bitcoin

Cursor, why did you get on Musk's spaceship?

In the name of charity, for the benefit of the family: How the Trump family turned charity into profit?

Will Gold Break $4,500 After Tonight's Fed Decision? What XAUT and PAXG Traders Need to Know

SharpLink CEO: How to understand that Ethereum developers have just surpassed 1 million?

Morning Report | MiCA grace period expires on July 1; Kalshi's trading volume in the first week of the World Cup breaks $5.1 billion, setting a record

The foundation of SpaceX's trillion-dollar valuation: Who is dividing Musk's annual capital expenditure of tens of billions?

How to exit after asset tokenization?

The stablecoin positioning battle escalates: When compliance is just a ticket to entry, will USD1 become the biggest winner?

A16Z: The sun bears witness, SpaceX is worth 7.5 trillion

Mergers and acquisitions in the cryptocurrency market are exceptionally active




