QCP Capital analyzed that BTC recovered to around $64,000 as global liquidity concerns eased due to a decline in Japan's 10-year government bond yields. QCP Capital stated, "However, considering Japan's high inflation, the weak yen, and the Bank of Japan (BOJ) meeting scheduled for this month, this movement can be seen as a temporary relief rally rather than a fundamental solution. BTC is maintaining support in the early $60,000s even amid rising US-Iran tensions and the Fed's hawkish stance. Institutional demand and ETF inflows are expected to support the market as long as real interest rates and the dollar do not rise significantly. If BTC stably recovers $64,000, the possibility of a rebound in the second half of the year will increase."
