QCP Capital noted that ETH May 24 contract price was 105 vols, indicating that significant volatility is expected before the filing deadline. ETH Perp fell from 50% to flat in 12 hours, and the June forward yield is still 15%, which may reflect a reduction in short-term speculation but continued medium-term bullishness. ETH May 24 and 31 risk reversals are -7, indicating that the market's concerns about short-term downside volatility linger, which may prompt people to tactically hedge ETH long positions. The narrative around cryptocurrencies has been growing in the US election, especially after the SEC's recent shift in stance. #以太坊ETF批准预期 $ETH