Bitcoin’s narrative as a protective asset and a hedging tool for inflation is again relevant among large investors, experts from the Singapore trading company QCP Capital said.

The influx of funds in spot bitcoinETF Last week it became positive. Funds from April 14 to April 17 received an additional $ 15.85 million, which sharply contrasts with the outflow of capital, which lasted from the beginning of the month.

Risk Reversals – a market mood, which measures the price difference between options for the growth and the fall of the asset – leveled, deviating from the distortion that dominated the last month, analysts noted.

Alignment of the indicator means for bitcoin that traders no longer expect a sharp drop in the course of the first cryptocurrency. This indicates an increase in optimism among market participants, according to QCP Capital experts. In their opinion, if the dynamics is preserved, it can provide an additional impetus for institutional investment in Bitcoin in the second quarter of the year.

Now the price of $ 88,000 remains a key level of resistance for the asset. While Bitcoin does not overcome it and is fixed, talk about the beginning of a new bull trend prematurely, analysts said. The synchronous growth of bitcoin and gold against the backdrop of a decrease in stock markets forms a new picture. If such a pattern becomes stable, this can become a signal for a wider “institutional acceptance of the first cryptocurrency”, experts explained.

Previously, QCP Capital experts reported that a change in the policy of the US Federal Reserve (Fed) and new stimulating measures by China and the European Union can cause an increase in the bitcoin course after correction.