QCP: Bitcoin may face selling pressure due to Mt. Gox distribution and DMM attacks, while Ethereum is bullish
2024-06-01 06:55:22
QCP Capital pointed out in its latest market analysis report that:
1. Bearish Bitcoin: Potential supply from Mt. Gox distribution (~ $9.60 billion) and DMM hacked (~ $305 million);
2. Bullish on Ethereum: The Ethereum Spot ETF may begin trading earlier than expected in June, with the SEC urging applicants to file Form S-1 by May 31.
1. Bearish Bitcoin: Potential supply from Mt. Gox distribution (~ $9.60 billion) and DMM hacked (~ $305 million);
2. Bullish on Ethereum: The Ethereum Spot ETF may begin trading earlier than expected in June, with the SEC urging applicants to file Form S-1 by May 31.
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