QCP Capital: Bitcoin failed to return to the $99,000 resistance level, and market sentiment remains cautious

Odaily News QCP Capital posted on its official channel that Bitcoin failed to regain the $99,000 resistance level last night, triggering a market sell-off and sending Bitcoin back to a new low of $95,680. Due to three consecutive days of decline, the outlook for cryptocurrencies remains uncertain.
The key event last night was the listing of BERA on Binance. The token opened at a high of $15.50 and is now stable at around $7.6. BERA has attracted liquidity from other altcoins.
Additionally, the SEC is reducing the size of its crypto enforcement division amid Trump’s push to deregulate cryptocurrencies. The move is expected to facilitate the creation of a new crypto task force and foster a more constructive relationship between the SEC and the industry.
The FDIC is reviewing its banking guidelines, which could allow U.S. banks to engage in certain crypto activities, such as custody services and “tokenized deposits,” without prior regulatory approval.
Market sentiment remains cautious ahead of the upcoming non-farm payrolls report tonight. QCP continues to observe interest in BTC 28FEB25 80K put options and BTC 21FEB25 90K put options, reflecting the market's continued cautious attitude, albeit with a bullish bias.