QCP Capital: ETH bullish sentiment is strong, and there is a lot of buying in the 4000/5000 USD ETH call option spread at the end of June

Odaily Planet Daily News QCP Capital published an article stating that BTC has successfully defended the $67,100 price level for the fourth time in two weeks, continuing to consolidate in the range. Market concerns that Mt Gox may release part of the Bitcoin supply in October may hinder BTC, but the launch of the ETH spot ETF may benefit. ETH bullish sentiment is strong, with a large number of buyers buying the 4000/5000 (USD) ETH call option spread at the end of June (expiration strike price). Traders turned to high-beta Meme tokens such as Shiba Inu (SHIBA), Dogecoin (DOGE) and Pepe (PEPE), which have risen by double digits and ranked in the top 10 in terms of open positions in contracts. BlackRock submitted a revised S-1 form, and other issuers may follow suit, and approval may come in early July. In addition, QCP Capital suggested that as the market consolidates in a range, waiting for the launch of the ETH spot ETF, it is still attractive to accumulate ETH.