QCP Capital, a Singapore-based crypto trading platform, predicts that a possible decline in the DXY (U.S. Dollar Index) could lead to an increase in Bitcoin (BTC). They believe that any positive news from the macroeconomic front could trigger a sharp liquidation of long positions in the DXY, causing it to fall and potentially sending risky assets like Bitcoin soaring. The January U.S. CPI data is seen as a potential catalyst for a decline in the DXY and a rise in BTC. However, QCP Capital acknowledges that this may not immediately resolve concerns over Bitcoin's price. They suggest that investors with long positions should follow institutional flows and buy downside protection.



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