QCP: BTC and ETH Strengthen Amid Geopolitical Tensions, Stablecoin Supply Hits Record High
Odaily News QCP's latest market report indicates that amidst ongoing geopolitical tensions, the cryptocurrency market has shown relative strength, with Bitcoin and Ethereum breaking through $74,000 and $2,270 respectively, while traditional assets like stocks and gold remain under pressure. The report suggests this trend is reinforcing the narratives of "digital safe-haven assets" and "geopolitical hedging tools."
QCP stated that tensions related to Iran could drive increased on-chain activity and cross-border liquidity demand. Data shows that last week, the supply of USDC rose to a historical high of approximately $81.1 billion, with overall stablecoin supply growing simultaneously, indicating new capital inflows into the crypto market amid global uncertainty.
Institutional demand is also showing signs of recovery. Bitcoin ETFs have seen net inflows for five consecutive trading days, with BlackRock's ETF recording inflows for the third consecutive week, accumulating around $1.75 billion. Meanwhile, MicroStrategy continues to steadily increase its Bitcoin holdings.
Regarding the options market, spot prices are approaching the significant end-of-month open interest strike price BTC-27MAR26-75K-C (approximately 8,000 contracts). The report notes that if the price effectively breaks above $75,000, it could trigger a rally driven by the Gamma effect. However, $74,500 remains a key short-term resistance level, with a relatively dense short liquidation zone above it.
