QCP: Bitcoin set a new all-time high last week, but non-institutional demand remains strong

ChainCatcher news, QCP released a research report pointing out that Bitcoin has broken through the $125,000 mark, setting a new historical high, continuing to rise without ETF fund inflows or institutional support. Despite rising financing rates and signs of overheating, non-institutional demand remains strong, and whales seem to be holding steady rather than taking profits.

The U.S. government shutdown incident has reignited Bitcoin's safe-haven attributes, and bullish seasonal factors may continue to drive market momentum. However, as the leverage ratio of positions rises and institutional fund inflows become crucial, whether Bitcoin can maintain the breakout momentum of October remains to be seen.