TechFlow News — QCP Capital noted that ETH contract volatility has reached 105, signaling potential for significant swings ahead of the application deadline. The funding rate for ETH perpetual contracts dropped from 50% to stable levels within 12 hours, while June forward contracts still maintain a 15% premium, possibly reflecting weakening short-term speculation but sustained mid-term bullish sentiment. The risk reversal rate for ETH on May 24 and 31 stands at -7, indicating ongoing market concern about near-term downside volatility, which may prompt tactical hedging of long ETH positions.
Spot Bitcoin ETFs have seen inflows for seven consecutive days, totaling nearly $1.5 billion. In the U.S. election landscape, narratives around cryptocurrency are gaining increasing attention, especially following the SEC’s recent shift in stance.
