QCP Capital: Bitcoin is expected to break through all-time highs by the end of March

According to the latest report released by QCP Capital, the price of Bitcoin once again exceeded the $50,000 mark after more than two years, mainly due to the huge inflows of Bitcoin spot ETFs: the average daily purchase volume reached 10,000 to 13,000 BTC, equivalent to 10,000 to 13,000 BTC per day. About $500 million to $650 million came in. The report expects this inflow trend to continue as global liquidity continues to move into spot ETFs. The crypto asset class has become a focus for mainstream investors, with financial giants like Fidelity announcing allocations of 1-3% to cryptocurrencies in their All-in-One Conservative ETFs. In addition to these spot inflows, there was also significant Bitcoin call options buying. On the back of this liquidity, Bitcoin could easily break above all-time highs in late March.