QCP: Bitcoin Stabilizes After Volatility, This Week's Focus on Powell's Speech and Core PCE Data

BlockBeats News, September 23rd, QCP released a brief stating that the cryptocurrency market experienced a large-scale liquidation yesterday, with over $1.7 billion in leverage positions being liquidated. Currently, the market is showing signs of stabilization, with BTC holding above $112,000 and ETH near $4,100. The altcoin season index has dropped significantly to 65, BTC market dominance has risen to 57%, indicating funds are flowing back into Bitcoin.

Despite the short-term weakness in price action, institutional sentiment remains positive, with continuous inflows into spot ETFs. Traders have started positioning themselves for October (BTC's historically strongest month), with active demand for call options at $120,000-125,000. This week, market focus will be on Powell's speech and core PCE data.