QCP Capital: Strong demand for BTC spot ETF, bearish selling struggles to affect upward trend

QCP Capital analysis points out that as long as the daily BTC spot ETF demand remains strong, it is difficult for short selling to have a lasting impact on the rising trend. The market is preparing for a turbulent weekend due to next week's (March 20) FOMC market position situation, and perpetual swap open futures have also been quietly climbing in the past 24 hours. The risk reversals of BTC and ETH are now leaning towards front-end put options.