QCP Capital: Market macro sentiment improves, remaining optimistic before the end of the year

ChainCatcher message, QCP Capital's latest report indicates a constructive and optimistic outlook remains until the end of the year. One particularly encouraging factor is that the market this week has digested various "supply shock" news regarding BTC and ETH. After Jump canceled its staking and sold ETH in this round, the market even rebounded. The following comments were made regarding the market this week:

1. The current macro sentiment in the market has improved, with slowing U.S. inflation boosting market confidence and pushing the stock market back to historical highs. The continued interest rate cuts by major central banks such as the Reserve Bank of New Zealand have reinforced the global monetary easing wave;
2. The market still feels concerned about the potential selling pressure from the U.S. government address, as the U.S. government transferred 10,000 BTC (approximately $591 million) related to the Silk Road enforcement action to a Coinbase wallet. Although there has been no confirmation of a sale, the market remains vigilant regarding the remaining over 200,000 BTC and other crypto assets in the wallet.
3. Elon Musk's two-hour interview with Donald Trump, during which he completely avoided discussing cryptocurrency, disappointed the market.