Analysis: The market expects BTC's short-term trend to be relatively mild, and Strategy and Metaplanet are still increasing their investment
QCP Capital analyzed in a post on the TG channel that nearly $1 billion in positions in the cryptocurrency market have been liquidated since Friday, and even BlackRock's IBIT BTC ETF has ended its 34 day record of inflows, with outflows of $430 million. However, the Bitcoin market remains remarkably calm, hovering above $102000 despite significant volatility, proving its potential support level. At present, the volatility of Bitcoin is steadily decreasing, and the risk reversal of each term has begun to normalize, indicating that the market expects a relatively mild price trend in the short term. Although some investors have fled, there are also some investors who have doubled their bets, such as Strategy and Metaplanet, who are clearly not to be outdone. Metaplanet bought BTC worth $114 million after the market price fell, bringing its total holdings to a symbolic 8888.