TechFlow news: QCP Capital stated that despite strong momentum in the stock market, Bitcoin continues to struggle to recover following the FOMC meeting. They attribute this divergence to post-halving selling pressure from Bitcoin miners, which is directly constraining price.
Meanwhile, Flowbank, which has a tripartite agreement with Binance, is currently facing bankruptcy proceedings.
They expect the summer season to remain relatively calm, with low market volatility and no clear catalysts to drive markets.
Regarding Ethereum, they do not anticipate any immediate spark, as Gensler is expected to approve spot Ethereum ETFs only by late summer.
They recommend accumulating positions ahead of this prolonged quiet summer period, particularly focusing on Ethereum. Currently, Ethereum is trading at a 10-point volatility premium over Bitcoin. They anticipate that as investors await S-1 approvals in late summer, sellers of Ethereum options will return, narrowing this gap.
