According to Wu, QCP Capital pointed out in its latest market report that although the Asian market rebounded in early trading on Monday next week on the positive news of the approval of Bitcoin and Ethereum ETFs in Hong Kong, the US market once again saw a comprehensive sell-off of risky assets, and BTC fell below $63,000 again. It is worth noting that the ETH risk reversal indicator has turned extremely negative (-12%) at the near end, indicating that market sentiment is tense. In addition, the market is currently in an ETH Gamma short state, which means that the sharp fluctuations in ETH prices may be amplified.
