According to Odaily Planet Daily, in a column co-authored by Frank Chaparro, Director of Special Projects at The Block, and Laura Vidiella of MNNC Group, QCP said that we need a catalyst to get things started again. The strong launch of the spot Ethereum ETF may be such a catalyst, and the strong response will increase liquidity and may surprise the market with an upward trend.

In addition, some believe that if Trump wins the US election in November, the market could rebound and enter a massive bull cycle. Currently, the derivatives market reflects this temporary pessimism, with an inverted term structure showing that implied volatility for short-term options is higher than for long-term options, indicating that bearish sentiment is excessive.