QCP Capital, a Singapore-based crypto investment institution, wrote that the deputy governor of the Bank of Japan played down the possibility of another interest rate hike in the short term. The cryptocurrency market took the opportunity to recover, but the performance of Ethereum is still not satisfactory. As Jump Trading continues to liquidate Ethereum (currently 21,394 wstETH remaining, about $63.60 million), and the two Ethereum wallets in the Plus Token Ponzi scheme have transferred a total of 25,757 Ethereum ((($63.10 million)) in the past 30 hours, there may be a limit above Ethereum in the short term.
The agency remains bullish on Bitcoin as it sees a lot of long call activity in options that expire in December and the following March. Major funds also continue to roll over their September long call positions.
QCP Capital: Still bullish on Bitcoin, Ethereum may be limited in the short term
2024-08-08 10:02:05
Singapore crypto investment institution qcp capital posted japandesk3cryptocurrencydesktopCrypto News
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