QCP Capital: Dollar Faces Rebound Risk, Potentially Triggering Pullback in Bitcoin and Other Risk Assets

By: theblockbeats.news|2025/07/16 09:51:40

BlockBeats News, July 16th, QCP Capital posted on its official channel stating that Bitcoin briefly pulled back after breaking through $120,000, finding support near $114,000. The US Dollar Index has fallen 10% this year, driving strong performance of USD-denominated assets, including US stocks, gold, and Bitcoin. There is now a risk of a USD rebound, and if the USD quickly rises, it may lead to a synchronous pullback of risk assets.

Furthermore, QCP maintains its structurally bullish view on BTC, believing that if it pulls back to $110,000, it will form a more solid support. ETH has also shown strong performance, boosted by continued corporate buying.

A whale has bought 20.34 million Ani at an average price of $0.04 in the past half hour, becoming the single largest buying address in the last 24 hours.Anis market value briefly exceeded $60 million, up more than 200% in a day

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