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QCP: The Trump tax cut plan drove Bitcoin to break through $108,000 this morning, with institutional funds continuing to flow in.
According to Deep Tide TechFlow news, on June 30, QCP released today's briefing stating that Bitcoin rebounded during the Asian morning session, breaking away from June's sluggish performance, with the price nearing $108,000. This trend is partly driven by the procedural progress of Trump's $4.5 trillion tax cut bill in the Senate, with a decisive vote scheduled for 9 AM Eastern Time today. Republicans plan to complete the bill before the July 4 deadline.
Bitcoin spot ETF recorded a net inflow of $2.2 billion last week, with institutional investors such as Strategy and Metaplanet maintaining a steady accumulation pace. As prices rise, the perpetual contract funding rate has shifted from neutral to positive, and leveraged long positions have begun to increase.
At the same time, Ethereum and Solana also rose, driven by positive feedback from the U.S. Securities and Exchange Commission on the staking ETF proposal put forward by REX Shares. Despite the bullish price trend, the options market remains calm, with implied volatility hovering near historical lows.