QCP Capital: The rise in BTC prices is attributed to the massive capital inflow from its spot ETF, which is expected to break historical highs by the end of March

ChainCatcher news, QCP Capital released a report stating that the price of Bitcoin has once again surpassed the $50,000 mark after more than two years. This price increase is primarily attributed to the massive inflow of funds into Bitcoin spot ETFs, with daily purchases reaching 10,000 to 13,000 BTC, equivalent to approximately $500 million to $650 million in daily inflows.

QCP Capital expects that this trend of inflows will continue as global liquidity continues to shift into spot ETFs. In addition to the spot inflows, there has also been a significant amount of Bitcoin call options purchased this week, with nearly $10 million spent on options premiums for strike prices ranging from $60,000 to $80,000 expiring between April and December.

Driven by these fund flows, QCP Capital predicts that the price of Bitcoin is likely to easily surpass its all-time high by the end of March.