QCP Capital: BTC will continue to hold the support level of $60,000

ChainCatcher news, Singaporean crypto investment firm QCP Capital stated that despite the U.S. government transferring 3,940 BTC to Coinbase Prime after obtaining liquidation approval, BTC continues to hold the support level of $60,000.

They believe the reasons for maintaining the $60,000 support level are as follows:

1. The German government has slowed down the pace of sending BTC to exchanges, sending only 250 BTC yesterday. This may indicate that we are nearing the end of their current selling plan.
2. After seven consecutive days of net outflows, BTC spot ETFs finally reported a net inflow of $52.4 million over the past two days.