According to TechFlow, QCP Capital said in a statement that BTC has successfully defended the $67,100 level for the fourth time in a row and continues to consolidate within the range. Concerns that Mt Gox may release Bitcoin supply in October may hinder BTC, but the launch of the ETH spot ETF may benefit.
ETH bullish sentiment is strong, with heavy buying observed for 4k/5k ETH call options for late June 2024. Traders are turning to high-beta meme coins such as Shiba Inu (SHIBA), Dogecoin (DOGE), and Pepe (PEPE), which are up double digits and are in the top 10 in terms of open interest.
BlackRock submitted a revised S-1 form, and other issuers may follow suit, and approval may come in early July. In addition, it gave a trading suggestion that as the market consolidates within a range and waits for the launch of the ETH spot ETF, accumulating ETH remains attractive.