QCP Capital: Market macro sentiment improves and remains optimistic before the end of the year

QCP Capital's latest report points out that it still maintains a constructive and optimistic attitude before the end of the year. A particularly encouraging factor is that the market has been digesting various "supply shocks" news of BTC and ETH this week. Even after Jump's round of canceling pledges and selling ETH, the market rebounded. And the following comments were made on the market this week:The current market macro sentiment has improved, the slowdown of US inflation has boosted market confidence, and pushed the stock market back to historical highs. The continued interest rate cuts by major central banks such as the Reserve Bank of New Zealand have strengthened the global monetary easing trend;The market is still concerned about the selling pressure that the US government's address may bring, and the US government has transferred 10,000 BTC (about 591 million US dollars) related to the Silk Road law enforcement operation to the Coinbase wallet. Although the sale has not been confirmed, the market is still vigilant about the remaining more than 200,000 BTC and other encrypted assets in the wallet;Elon Musk did not discuss cryptocurrency at all in his 2-hour interview with Donald Trump, which disappointed the market.