QCP: To confirm the return of the altcoin season, it is necessary to ensure that the BTC market share falls below 57.3% while the price remains stable around $100,000.

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BlockBeats news, on January 16th, QCP released its daily market observation, stating that the global market saw a significant rebound last night due to lower-than-expected CPI (Consumer Price Index) data, alleviating concerns about inflation rise. BTC surged by 4.13%, reaching a high of $100,800, and then stabilizing below the key level of $100,000. Similarly, the stock market also showed optimism, with the S&P 500 index pumping by 1.83% and the Nasdaq index pumping by 2.27%. Both BTC and ETH Spot ETFs recorded strong capital inflows yesterday, with the BTC Spot ETF's inflow reaching as high as $723.2 million. This rapid capital inflow reflects strong institutional demand, implying an encouraging outlook for the cryptocurrency market. In the Options market, bullishOptions for BTC in January dominated the market yesterday. Traders took an increasingly bullish stance, eagerly buying contracts with strike prices between $100,000 and $110,000. This is a positive signal, especially as the open interest for $120,000 strike price Options in March is currently the highest. Given this series of trends, the altcoin season may be approaching. With BTC's market share dropping from 58.6% to 57.4%, it is expected that AltCoins will perform well as capital profits begin to shift to ETH and other AltCoins. To confirm the arrival of the AltCoin season, BTC's market share needs to fall below the support level of 57.3%, while lingering near the key level of $100,000.

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GateUser-018cb3bcvip
· 01-16 09:49
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GateUser-67078454vip
· 01-16 09:20
Ambush 100x coin 📈
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