QCP Capital: BTC rose to almost $76,000 this week, and net ETF inflows reached a new high in May

According to QCP Capital ' s latest market report, the BTC rose this week from approximately $64,000 to close to $76,000, and the initial breakthroughs were largely driven by empty headbacks. On Wednesday, the renewal of the BTC contract offered to buy approximately 3.27 million BTCs, close to 15 times more than the 2,200 BTCs on the spot, while the balance remained largely unchanged. This was followed by an increase in spot demand, with net inflows of $517 million to the United States of America on Wednesdays, the highest level since May. At the same time, QCP noted that the United States Treasury ' s approach to long-term liquidity support for buy-backs resulted in a long-term return on return, a weakening of the United States dollar and BTC ' s synchronizing with gold, but that this measure was not QE. According to QCP, the key to follow-up remains the sustainability of ETF inflows。