QCP: Bitcoin Struggles Below $66K Amid Strategy Liquidation Fears

Singapore-based crypto trading firm QCP Group said that a recent US-Iran MoU has eased worries over potential disruptions to energy supplies. However, Bitcoin remains under pressure, still trading below the $66,000 mark as markets weigh fresh concerns about potential selling by Strategy.

In parallel, Strategy has repurchased $1.5 billion of its 2029 convertible senior notes and raised about $200 million through sales of MSTR shares. The company has been deploying these funds to increase its Bitcoin holdings while also extending its dividend funding capacity to roughly 7.5 months.

Against this backdrop, QCP Group highlighted that lingering financial uncertainty could continue to limit Bitcoin’s ability to benefit from broader positive momentum in global markets.

Source: QCP Group