TechFlow news: QCP Capital stated that BTC and ETH spot prices are range-bound, expressing optimism toward tonight's CPI data and FOMC meeting outcome for the following reasons:
-
BTC futures swap points have rebounded, as traders close short futures positions for profit, potentially driving yields above 15%.
-
Heavy buying in June 13 call options has driven up funding rates, indicating the market is positioning for an upside surprise.
-
Equity markets continue to hit record highs; if CPI meets expectations and the FOMC result is neutral, it could push crypto markets to retest their highs.
Add to Favorites
Share to Social Media
