QCP: The recent significant volatility of Bitcoin resembles a "liquidity reset rather than a structural collapse."

QCP Director Elbert Iswara stated in a Money FM 89.3 radio program that the recent significant fluctuations in Bitcoin resemble a liquidity reset rather than a structural collapse. Although the price briefly fell to $60,033, the subsequent rebound indicates that long-term investors and institutional demand still exist.

He pointed out that the current Bitcoin trend is mainly influenced by the macroeconomic environment, while factors such as ETF fund outflows, derivative positions, and leverage liquidations have exacerbated the volatility. Iswara suggested that investors pay attention to the key price range of $60,000 to $65,000, ETF fund flows, leverage liquidation situations, and changes in the correlation between Bitcoin and stocks, and believes that Bitcoin should be regarded as a high beta asset for risk management in the short term.