QCP: BTC and ETH strengthen amid geopolitical tensions, stablecoin supply hits new highs

Mars Finance News: QCP released its latest market report, noting that amid ongoing geopolitical tensions, the crypto market has shown relative strength. Bitcoin and Ethereum have respectively broken through $74,000 and $2,270, while stocks and gold assets remain under pressure. The report suggests that this trend is reinforcing the narrative of “digital safe-haven assets” and “geopolitical hedging tools.” QCP stated that tensions related to Iran may drive increased on-chain activity and cross-border liquidity demand. Data shows that last week, USDC supply rose to a record high of approximately $81.1 billion, with overall stablecoin supply growing in tandem, indicating new capital inflows into the crypto market amid global uncertainty. Institutional demand is also showing signs of recovery. Bitcoin ETFs have experienced net inflows for five consecutive trading days, with BlackRock’s ETF recording inflows for the third week in a row, totaling about $1.75 billion. Meanwhile, Strategy continues to increase its Bitcoin holdings. In the options market, spot prices are approaching the key expiration strike price BTC-27MAR26-75K-C (around 80,000 contracts) at the end of the month. The report points out that if the price effectively breaks above $75,000, it could trigger a gamma-driven chase rally, while $74,500 remains a short-term key resistance level, with a dense area of short liquidations above.