QCP: Bitcoin may face selling pressure due to Mt. Gox distribution and DMM attack, while Ethereum is bullish
QCP Capital pointed out in its latest market analysis report:
1. Bearish on Bitcoin: selling pressure from potential supply distributed by Mt. Gox (about $9.6 billion) and DMM hacking (about $305 million);
2. Bullish on Ethereum: Ethereum spot ETF may start trading earlier than expected in June, and the US SEC urges applicants to submit S-1 forms by May 31.
