QCP: BTC stabilizes after fluctuations, institutional support remains strong

ChainCatcher news, QCP released a briefing stating that the crypto market experienced a massive liquidation yesterday, with over $1.7 billion in leveraged positions being liquidated. The market currently shows signs of stabilization, with BTC maintaining above $112,000 and ETH near $4,100. The altcoin season index has significantly dropped to 65, and BTC's market dominance has risen to 57%, indicating that funds are flowing back into Bitcoin.

Despite the weak short-term trend, institutional attitudes remain positive, with spot ETFs continuing to record inflows. Traders have begun positioning for October (historically the strongest month for BTC), with active demand for call options in the $120,000 to $125,000 range. This week, Powell's speech and core PCE data will be the focus of the market.