QCP Capital: Bullish sentiment in the ETH options market is high, especially in September and December expiration dates

According to TechFlow, QCP Capital published a statement saying that BTC fell below the $60,000 support level under heavy pressure, reaching a low of $57,875. BTC miners showed signs of capitulation, which historically usually means that prices have bottomed out. In addition, despite the severe sell-off in the crypto market, the options market is bullish on ETH, especially ETH options expiring in September and December. QCP Capital believes that the liquidation clusters of BTC and ETH are biased towards rising, which may trigger a short squeeze, and the approval of the S-1 form is approaching, which may lead to a strong rebound in ETH if approved.