According to Wu Blockchain, QCP Capital's latest Market Colour report indicates that BTC has pulled back to around $63,000, with the $62,500–$63,000 range remaining a key lower boundary in the near term. QCP noted that while the U.S. July CPI and PPI data both showed cooling inflation and employment data was also weaker, BTC's reaction to these macro positives has been relatively limited. This suggests that the current price action is more influenced by positioning, liquidity, and overall risk appetite. At the same time, the Strategy team has initiated a potential 'two-way capital flow' through the BTC Monetization Program. Additionally, tensions in the Strait of Hormuz and high oil prices continue to exert pressure on global liquidity. QCP believes that while BTC has shown strong resilience recently, the market has yet to establish sustained upward momentum. https://www.(wublock123.com)/news/news-66531