BTC tiến gần mức 83.000 USD trước sự kiện Jackson Hole khi chính sách của Fed đang được chú trọng

The Huoxing Finance report states that on August 28, QCP Capital released its latest market analysis: BTC has remained near $80,000 ahead of the Jackson Hole central bank symposium, with market focus not only on Federal Reserve Chair Powell’s policy stance but also on how the Fed balances persistent inflationary pressures against financial conditions—particularly the new pressures facing the long-term U.S. Treasury yield curve. QCP noted that the U.S. Treasury previously announced it would expand the scale of liquidity-supporting repurchase operations for 10- to 30-year Treasuries starting September 9, raising the upper limit per operation from $2 billion to at least $4 billion. Following this announcement, long-term U.S. Treasury yields briefly declined, the dollar weakened, and both gold and BTC rose in tandem. However, the Treasury emphasized that this program aims to improve liquidity in the long-term nominal bond market, not to directly intervene in yield levels. Inflation remains a significant constraint for the Fed. Data shows that in July, the U.S. overall PCE increased 0.2% month-over-month and 3.7% year-over-year; core PCE rose 0.2% month-over-month and held steady at 3.3% year-over-year. QCP stated that inflation remains above the Fed’s 2% target, leaving uncertainty around the September policy decision. Risk assets continue to be supported by the AI investment cycle. NVIDIA’s latest earnings report showed quarterly revenue of $96.2 billion, a 106% year-over-year increase, with data center revenue reaching $89 billion, up 117% year-over-year. The company expects next quarter’s revenue to be approximately $108 billion, exceeding prior market expectations. NVIDIA’s stock subsequently rose about 8.7%, driving strength across the broader tech sector. In the crypto market, BTC has risen from around $63,500 last week to approximately $80,000, briefly surpassing $81,000. U.S. spot BTC ETFs have recorded consecutive inflows for eight trading days, with cumulative net inflows of approximately $2.8 billion, providing spot demand support for this rally. Notably, this rally has not been accompanied by a rapid increase in leverage. BTC futures open interest has declined from around 646,000 BTC in mid-August to approximately 588,000 BTC, and funding rates have remained low. QCP believes this indicates that the rally is primarily driven by short covering and spot buying rather than aggressive leveraged long positions. Currently, BTC is approaching the $81,000–$86,000 range, with $83,300 being a key level of market focus. QCP noted that the critical question is not merely whether BTC can break through this zone, but whether subsequent gains will continue to be driven by spot demand or shift toward leverage-dominated momentum. QCP stated that Powell will deliver opening remarks at the Jackson Hole meeting, and markets will closely observe how he articulates inflation targets, financial conditions, and the impact of long-term interest rate changes on the monetary policy framework.