QCP Capital: Ethereum faces upward pressure, and Bitcoin call option buying has increased significantly

Odaily News QCP Capitals latest report pointed out that the deputy governor of the Bank of Japan downplayed the possibility of another interest rate hike in the near future, which provides an opportunity for the crypto market to recover, but Ethereums performance is still unsatisfactory. In the short term, the Ethereum market may face limited upward pressure as Jump Trading continues to liquidate its ETH assets (21,394 wstETH remaining, about $63.6 million), while the two Ethereum wallets of the Plus Token Ponzi scheme have collected a total of 25,757 ETH (about $63.1 million) in the past 30 hours. QCP Capital remains optimistic about Bitcoin, observing a significant increase in call option buying for December and March expiration, and major funds are also continuing to roll over their long-term bullish positions in September.