According to TechFlow, QCP Capital said that the spot prices of BTC and ETH fluctuated in a range and was optimistic about tonight’s CPI data and the results of the FOMC meeting for the following reasons:

• BTC futures swap points rebounded, and traders made profits by closing short futures positions, with yields potentially rising to over 15%.

• There was heavy buying of June 13th call options, and funding rates rose as the market prepared for an upside surprise.

• The stock market has been hitting record highs in a row, and if CPI meets expectations and the FOMC results are neutral, it may push the crypto market to test highs again.