Bitcoin is currently trading in a narrow range between $107,000 and $110,000, supported by steady demand from spot exchange-traded funds (ETFs), according to crypto trading firm QCP Capital.
QCP Capital Says Bitcoin Trades in a Tight Range Ahead of Key Conference
In a market update, QCP noted that investors are closely watching this week's Bitcoin 2025 conference, which has become a key event for sentiment in the digital asset space.
The firm said short-term volatility remains high, leading traders and institutions to take a more cautious approach.
Despite the volatile price action, underlying ETF flows remain robust, a sign that long-term interest in Bitcoin remains robust.
“Markets are in a holding pattern. We're seeing healthy ETF demand, but traders are waiting for clarity after the conference before taking large directional bets,” QCP said.
The firm expects both sentiment and volatility to decrease after the event concludes, potentially paving the way for a more stable trading environment.
Bitcoin last traded around $109,800, according to TradingView data.
*This is not investment advice.