According to Odaily, QCP Capital's latest analysis reveals that the volatility of ETH contracts has reached 105, indicating potential significant fluctuations before the application deadline. The funding rate for ETH perpetual contracts has dropped from 50% to stable within 12 hours, while the June futures contracts still maintain a 15% return. This could reflect a decrease in short-term speculative activity, but a persistent bullish sentiment in the medium term.
The risk reversal rate for ETH on May 24 and 31 was -7, suggesting that the market is still concerned about short-term downward fluctuations, which could lead to tactical hedging of long ETH positions. Spot Bitcoin ETF has been attracting funds for seven consecutive days, with a total amount close to 1.5 billion USD.
In the U.S. elections, narratives about cryptocurrencies are gaining more and more attention, especially after the SEC recently changed its stance.
