Crypto Blog
Google searches for Bitcoin have surged significantly as the cryptocurrency’s price hit yet another record high above $80,000 today.
While this proposed Bitcoin reserve would require legislation, likely pushing its realization to 2025, the community sees a clear path for BTC to become a treasury asset embraced by corporations, governments, and major institutions. Perpetual funding rates are notably high, and basis yields have reached a peak last seen seven months ago, indicating strong bullish sentiment. However, QCP remains cautiously optimistic, noting the risk of short-term pullbacks, especially from potential leveraged washouts. Historically, these sharp increases in basis yields have been short-lived.
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