QCP: Bitcoin Remains Range-Bound, Falling US Treasury Yields Support Risk Assets

QCP's latest market analysis indicates that Bitcoin has maintained resilience within a narrow $80,000–$83,000 range throughout the past week, establishing firm support at the $80,000 level, which contrasts with tech stocks remaining under persistent pressure. From a macro perspective, despite robust inflation data, safe-haven demand has driven long-dated US Treasuries higher, while comments from Federal Reserve officials have tempered rate hike expectations. The subsequent pullback in Treasury yields has provided support for risk assets, including Bitcoin. Capital flows are showing signs of rotation from crowded artificial intelligence segments, such as semiconductors, into defensive sectors like healthcare and banking; however, there remains no clear evidence of large-scale direct inflows into cryptocurrency markets.