PANews reported on August 8 that QCP Capital, a crypto investment institution in Singapore, said that the deputy governor of the Bank of Japan downplayed the possibility of another rate hike in the short term. The cryptocurrency market took the opportunity to recover, but Ethereum's performance was still unsatisfactory. As Jump Trading continues to liquidate Ethereum (currently 21,394 wstETHs are left, equivalent to about $63.6 million), and two Ethereum wallets in the Plus Token Ponzi scheme have transferred a total of 25,757 Ethereums (($63.1 million)) in the past 30 hours, there may be limits on Ethereum in the short term. The agency remains bullish on Bitcoin because it has seen a large number of calls bought in options expiring in December and March of the following year. Major funds also continue to roll their long-term call option positions in September.
