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QCP: BTC has rebounded above $122K and ETH is up 21% to $4.3K, ahead of Tuesday’s CPI release. A softer print could cement expectations for a September Fed rate cut. Markets are volatile, with traders hedging risks while watching if institutional demand can push BTC to new highs. QCP Broadcast QCP Asia Colour – 11 August 2025 Will tomorrow’s CPI trigger BTC’s next all-time high – or halt the rally? BTC has surged past $122k, reversing last week’s losses, while ETH has gained 21% in seven days to break $4.3k for the first time since 2021. Correlation with equities remains strong, and all eyes are now on Tuesday’s CPI, where a softer print could lock in expectations for a September Fed rate cut. Markets are positioned for volatility, with traders hedging downside risk even as bullish momentum builds. The question is whether institutional flows and spot ETF demand can carry BTC through critical resistance. Read our full colour here.