According to CoinMeta, according to the latest market report from QCP Capital, the price of BTC rose this week from around $64,000 to nearly $76,000, with the initial increase mainly driven by short covering. On Wednesday, there were approximately 32,700 active buy orders for BTC perpetual contracts, which is nearly 15 times the 2,200 spot buy orders for BTC, while the open interest remained largely unchanged. Subsequently, spot demand increased, with US spot BTC ETF seeing a net inflow of $517 million on Wednesday, reaching the highest level since May. QCP also noted that after the US Treasury Department expanded liquidity support for long-term government bond repurchases, long-term yields fell and the dollar weakened. BTC strengthened in tandem with gold, but this measure is not QE. QCP believes that the key to future performance will still lie in whether the inflow of ETF can continue.