QCP Says Bitcoin Rally Toward $80K Has Solid Spot Support as Fed Risk Rises

TLDR:

• QCP says Bitcoin’s $80K rebound is backed by $2.8B in ETF inflows as futures open interest declines.
• Bitcoin futures open interest fell from 646,000 BTC to 588,000 BTC even as prices climbed toward $80,000.
• September Fed hike odds rose to 56%-60% after Warsh’s speech, while Bitcoin slipped back below $78,000.
• QCP sees $81K-$86K as Bitcoin’s next key zone as subdued funding shows leverage remains contained.

Bitcoin’s rebound toward $80,000 is carrying a healthier market structure than many rapid crypto rallies, according to digital-asset trading firm QCP. Rather than relying on aggressive leveraged buying, the advance has coincided with spot demand, ETF inflows, and short covering.

The cryptocurrency climbed from about $63,500 to nearly $80,000 within slightly more than one week, briefly crossing $81,000. Meanwhile, U.S. spot Bitcoin ETFs recorded approximately $2.8 billion in net inflows across eight consecutive sessions, providing measurable demand behind the recovery.

QCP Says Bitcoin’s $80K Rally Has Strong Spot Support

QCP’s derivatives data reinforces the argument that leverage has not been the main engine behind the rally. Bitcoin-denominated futures open interest dropped while prices advanced sharply.