BlockBeats news, July 6, QCP Capital said in its latest market analysis that cryptocurrency prices adjusted sharply today, and the front-end volatility soared. The market reacted to the news of the upcoming BTC supply (including the transfer of Mt. Gox and the German government). Speculators may oversell in large quantities due to expectations, triggering liquidations near $58,000.
QCP Capital's view: Spot prices have stabilized, indicating good support around 54k. As BTC front-end volatility has dropped significantly from 65 to below 50, and ETH front-end volatility has dropped from 80 to 62, panic has also subsided. Today's US employment data showed downward revisions for both April and May. This confirms Powell's deflationary path and the possibility of an early rate cut, with an increased probability of rate cuts in September and December.