QCP Capital: BTC spot ETF had a net inflow of 8,775 coins last week, and the market rebound may be driven by spot

Odaily Planet Daily News QCP Capital published an article saying that as BTC and ETH returned to above $85,000 and $2,000 respectively, the crypto market rebounded moderately over the weekend, mainly driven by the rebound in US stock futures. Fed Chairman Powell's "easing" speech at the FOMC meeting last week eased market tensions, and the crypto fear and greed index rebounded from 32% last week to 45% this week. It is worth noting that the BTC spot ETF recorded a net inflow of 8,775 BTC (about $744 million) last week, ending weeks of capital outflows, indicating that liquidity may begin to flow back into the crypto market. At present, the open interest of perpetual contracts is still sluggish and the funding rate is stabilizing, indicating that this rebound may be driven by spot rather than leverage. Despite the boost from ETF inflows, QCP remains cautious about the continued rise in the crypto market. The new round of tariff policies to be implemented on April 2 may put pressure on risky assets again. The current options market is in a neutral wait-and-see mood, with implied volatility of all maturities continuing to decline and risk reversals falling back to a flat level, which has eased compared to the obvious bearish skew last week. QCP said it will pay attention to whether this round of rise will repeat the trend of last Monday - a rapid correction within 48 hours after the rise on Sunday.