Loading...
[QCP: The U.S. economy is nearing the late cycle, this week's data may impact Bitcoin's trend] On November 19, QCP released a market observation stating that Bitcoin continued to decline this week, briefly falling below the $90,000 mark due to tightening rate hike expectations and ETF outflows dampening market sentiment. Thin liquidity exacerbated the downward trend, indicating Bitcoin's increasing sensitivity to changes in the macro environment. Adjustments in Federal Reserve policy expectations are putting pressure on Bitcoin and other interest rate-sensitive assets, while the stock market remains relatively stable due to robust corporate earnings. The U.S. economy is showing a K-shaped divergence, with resilient spending among high-income households and increasing pressure on low-income groups. This week's labor market data and leading economic indicators will provide critical insights into economic momentum and determine the nature of Bitcoin's pullback.