According to BlockBeats news, on January 8th, QCP Capital's latest analysis pointed out that due to the unexpected impact of US employment data, Bitcoin has fallen back to the support level of $95000. JOLTS job vacancies have surged to 8.1 million, exceeding the expected value of 7.74 million. The unexpected strengthening of the job market has triggered a risk aversion sentiment, and the rise in long-term bond yields has led to the sale of risky assets.
The inflow of Bitcoin ETF funds plummeted from $987 million to $52.9 million, a decrease of 94%. Among them, BlackRock IBIT recorded a significant inflow of $596 million, while ARK and 21Shares' ARKB saw an outflow of $213 million.
QCP Capital believes that this week's FOMC meeting and non farm payroll data will further affect the trend of Bitcoin. The market expects Trump's inauguration to boost optimism, and the current pullback may prepare for a bullish rebound.
