According to TechFlow, QCP Capital said in a post that BTC ETF net inflows were strong again, reaching $488.1 million. The trading desk observed a large number of call option purchases, with a target of $100,000 in July. Tonight's lower-than-expected unemployment claims report and next week's CPI release could trigger BTC to hit a new high. The market expects interest rates to fall, which could also add momentum to the rebound.

Meanwhile, ETH continues to lag behind as SEC Chairman Gary Gensler noted that the ETH ETF S-1 approval "will take some time." QCP Capital suggested that ETH is expected to continue to lag behind in the short term due to the delay in S-1 approval, but will eventually outperform BTC once the ETF begins trading.