QCP Capital: Bitcoin Remains a Resilient Asset

Analysts at QCP Capital note that Bitcoin remains a stable asset despite the price correction and has entered the phase of searching for a fair price. According to their assessment, the growth of the first cryptocurrency now looks more mature and stable compared to previous cycles — the market is demonstrating a decrease in speculative activity and moderate volatility.

The recent price drop is explained by the usual profit-taking by major players, but investors quickly returned to the market, continuing to buy. This allowed the bullish trend to be maintained even in the conditions of limited exchange rate movement. Against the background of favorable regulatory dynamics in America and the constant inflow of funds through spot ETFs for Bitcoin, QCP analysts see the formation of structural demand, which supports the price of the first cryptocurrency.

An additional impetus could come from the planned placement of preferred shares by Strategy worth $2.1 billion with a yield of 10% per annum. The proceeds from the issue will be used to purchase Bitcoin, which will further increase the pressure from buyers. Experts emphasize that the current stage differs from previous cycles in its increased interest from institutions and less dependence on sharp speculation, which indicates the deep integration of digital gold into traditional financial systems.

Earlier, analysts at the CryptoQuant platform said that the wave of massive Bitcoin purchases led to an increase in the realized capitalization (Realized Cap) by $3 billion in just one day, which could signal the market's transition to an accumulation phase before another price increase.