Odaily Planet Daily News QCP Capital pointed out in its latest analysis that the volatility of ETH contracts reached 105, indicating that there may be large fluctuations before the application deadline. The ETH perpetual contract funding rate fell from 50% to stable within 12 hours, while the June forward contract still maintained a 15% return, which may reflect the weakening of short-term speculative activities, but the medium-term bullish sentiment persists. ETH's risk reversal rate on May 24 and 31 was -7, indicating that the market is still worried about short-term downside volatility, which may lead to tactical hedging of long ETH positions. Spot Bitcoin ETF has attracted money for 7 consecutive days, totaling nearly $1.5 billion. The narrative about cryptocurrencies is gaining more and more attention in the US election, especially after the SEC recently changed its stance.