QCP: Bitcoin may encounter ETF-related selling pressure around $95,000, while the $80,000-$82,000 range remains a key support level.

According to Deep Tide TechFlow news, on November 27, QCP published an analysis stating that BTC is currently stable at a high of $90,000, with market risk sentiment improving and expectations for a rate cut in December rising to 85%. However, macro signals remain complex, inflation is still high, and labor data is weak.

Warning signals have emerged in the AI credit sector, with credit default swaps (CDS) widening, raising market concerns over rising accounts receivable and inventory for Nvidia. The fund flows in the cryptocurrency market are showing a similar trend: ETFs continue to experience outflows, and most products are trading below their net asset value. MicroStrategy's strategy is under scrutiny again, as its BTC holdings are nearing the breakeven point, and its stock has been placed on the MSCI delisting watchlist.

The options market shows cautious sentiment, with the correlation between Bitcoin and AI stocks increasing, and the fear and greed index declining. Technically, Bitcoin may encounter ETF-related selling pressure around $95,000, while the $80,000-$82,000 range remains a key support level.