According to Odaily, QCP Capital released a market analysis on July 5, indicating that spot prices have stabilized, showing good support around $54,000. The analysis also pointed out that panic sentiment has eased, with the front-end volatility dropping significantly from 65 to below 50 for Bitcoin (BTC), and from 80 to 62 for Ethereum (ETH).
The report also highlighted that US employment data showed downward revisions for both April and May. This confirms Powell's inflation path and could lead to earlier rate cuts. The probability of rate cuts in September and December has increased accordingly. This analysis by QCP Capital provides a comprehensive overview of the current market conditions and future expectations.