Bitcoin's Explosive Surge Past $87K: More Than Just a Holiday Bounce?

Institutional Money Flows Back into Crypto

Holy moly, Bitcoin just rocketed past $87,000, and this ain't your typical long-weekend party! Analysts are buzzing, saying it's the early whispers of safe-haven interest making a comeback.

Get this, the brains at QCP Capital are telling us that Bitcoin's holiday spike might be the real deal. They're seeing big-time investors creeping back into the game.

In their latest report, they dropped the bomb that they're already catching "early signs of institutional confidence returning." And guess what? Spot Bitcoin ETFs just flipped from bleeding out $708 million to sucking in $13.4 million last week. That's a wild swing!

BTC's price didn't just nudge past $87,000; it blasted through during the early Asia hours. QCP called it a "sharp reversal that clawed back much of the selloff" after Trump's out-of-nowhere "Liberation Day" shocker.

"While crypto markets are no strangers to illiquid, long-weekend rallies, this move stood in stark contrast to December's muted Santa Rally. This time, BTC delivered."

QCP Capital

But wait, there's more! Bitcoin isn't flying solo. Gold's hitting new highs, and stocks are tanking. QCP's saying this might just be the perfect storm to reignite Bitcoin's mojo as a safe-haven asset "should this dynamic hold."

But hold your horses, they're not ready to pop the champagne yet. They're keeping a laser focus on the $88,800 resistance level. Until BTC smashes through that ceiling, they're "remaining cautious about drawing any firm conclusions."

And here's the kicker, spot Bitcoin ETFs in the US saw some sweet inflows while BTC was gunning past $85,000. Everyone's betting on the Fed going soft on rate cuts, thanks to Trump's moves to shake up the Fed chair.

Most of the cash? It went straight to BlackRock's IBIT, raking in a cool $186.5 million, with Bitwise's BITB grabbing $23.8 million. Even Grayscale's mini BTC Trust, Invesco's BTCO, Franklin's EZBC, and VanEck's HODL got in on the action, adding up to $26.3 million. Talk about a cash rush!