Twice this week $QNT has knocked on $200 — and twice it's been sent back. It's sitting near $198.30 now, up about 2% on the day on roughly $48M in volume, after touching $204.82 in the last 24 hours. The spark was chatter that The Clearing House adopted Quant's tech for tokenized bank deposits, but neither side has confirmed terms that would make banks actually buy or hold the token, so the demand link is still unproven. $BTC is just drifting near $75,738, flat on the day, so this is $QNT 's own fight. A sustained close above $200 is the signal that matters; lose $191 and the rejection probably turns into a slide back toward $190. Do you buy the Clearing House story, or is $200 just too heavy right now?

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