TechFlow news: QCP Capital stated that BTC has fallen below the key support level of $60,000 under heavy pressure, dropping as low as $57,875. Bitcoin miners are showing signs of capitulation, which historically often indicates a price bottom. Meanwhile, despite severe sell-offs in the crypto market, options markets show strong bullish sentiment toward ETH, particularly for September and December expiry contracts. QCP Capital believes liquidation clusters for both BTC and ETH are skewed to the upside, potentially triggering short squeezes, and with the S-1 filing approval approaching, a green light could lead to a strong rebound in ETH.
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