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QCP Capital: remains bullish on bitcoin, may have limits above ethereum in the short term

QCP Capital: remains bullish on bitcoin, may have limits above ethereum in the short term

Bitget2024/08/08 10:18

QCP Capital, a Singapore-based crypto investment firm, posted that the deputy governor of the Bank of Japan downplayed the possibility of another interest rate hike in the near future. The cryptocurrency market has taken the opportunity to recover, but Ether is still not performing as well as it should. As Jump Trading continues to liquidate Ether (21,394 wstETH, or roughly $63.6 million, are currently remaining) and two Ether wallets in the Plus Token Ponzi scheme transferred a total of 25,757 Ether (($63.1 million)) in the past 30 hours, there could be limitations above Ether in the near term. The agency remains bullish on Bitcoin as it sees a lot of call buying in options expiring in December and March of the following year. Major funds also continue to roll their September long-term call option positions.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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