Odaily星球日报讯 QCP Capital 最新报告指出，日本央行副行长淡化了近期再次加息的可能性，这为加密市场提供了复苏的机会，但以太坊表现仍不如人意。短期内，以太坊市场可能面临上行压力限制，因 Jump Trading 继续清算其 ETH 资产（剩余 21,394 wstETH，约合 6360 万美元），同时 Plus Token 庞氏骗局的两个以太坊钱包在过去 30 小时内共归集了 25,757 ETH（约合 6310 万美元）。 QCP Capital 对比特币保持乐观态度，观察到 12 月和 3 月到期的看涨期权买盘显著增加，主要基金也在继续展期其 9 月的长期看涨头寸。

QCP Capital：以太坊面临上行压力，比特币看涨期权买盘显著增加

Odaily Odaily News QCP Capital&#39;s latest report pointed out that the deputy governor of the Bank of Japan downplayed the possibility of another interest rate hike in the near future, which provides an opportunity for the crypto market to recover, but Ethereum&#39;s performance is still unsatisfactory. In the short term, the Ethereum market may face upward pressure restrictions as Jump Trading continues to liquidate its ETH assets (21,394 wstETH remaining, approximately $63.6 million), while the two Ethereum wallets of the Plus Token Ponzi scheme have collected a total of 25,757 ETH (approximately $63.1 million) in the past 30 hours. QCP Capital remains optimistic about Bitcoin, observing a significant increase in call option buying for December and March expiration, and major funds are also continuing to roll over their long-term bullish positions in September.

QCP Capital: Ethereum faces upward pressure, and the buying of Bitcoin call options has increased significantly.

According to the latest report from QCP Capital, after the market turbulence on Monday, the assets have largely recovered, but over the next few days, systematic funds may continue to reduce their risk exposure due to high volatility, and continue to focus on the cross-asset correlation between Nasdaq, Nikkei, and USD/JPY. QCP also believes that the Federal Reserve will not make emergency rate cuts in September and October to avoid causing panic. The most volatile phase of market fluctuations has passed, and it is recommended to establish long-term bullish positions within a 3-6 month time frame.

QCP Capital: Focus on the cross-asset correlation between Nasdaq, Nikkei, and USD/JPY.

[Interest rate cut]
On August 5th, the Bank of Japan's interest rate hike caused a violent shock in the global financial market, with the Japanese stock market and the US stock market both crashing, and the cryptocurrency market's Bitcoin panic index soaring by nearly 70%. Stock markets in multiple countries experienced circuit breakers, and even European and emerging markets were clearly affected. Under immense market pressure, people began to seek remedies and called for the Federal Reserve to cut interest rates to rescue the market. The Federal Reserve's interest rate hike may come soon, which means that something "bigger" than the Bank of Japan's interest rate hike is about to arrive. Can this bring Bitcoin back to a bull market?

01
Why is the Federal Reserve's influence so great?
1) What is the Federal Reserve?

Reviewing the history of the Federal Reserve's interest rate cuts, can this round of rate cuts bring Bitcoin back to the bull market?

Author: Revc, Jinse Finance

Preface
Recently, the cryptocurrency market has experienced a roller coaster of crashes and surges. The market has been tumultuous.

To clarify the position of this bull market and get an overall grasp of the cryptocurrency market this year, Jinse Finance analyzed the performance of the top 50 cryptocurrencies by market capitalization since the beginning of the year.

Jinse Finance's data analysis found that, based on the beginning-of-year prices, 60% have erased their year-to-date gains; the two MEME tokens, WIF and PEEP, have seen the highest gains, and 2024 may be the year of the MEME coin explosion; TON is the public chain token...