TechFlow news, July 30 — QCP Capital's latest report indicated that following Trump's weekend speech, Bitcoin briefly tested $70,000 but dropped over 3,000 points to below $67,000 around the time of the U.S. stock market open. Recent large-scale movements by the U.S. government may have negatively impacted the market, intensifying investor concerns.
Compared to Bitcoin, Ethereum has performed relatively better. Since Trump’s speech, ETH/BTC has risen by 5%. Despite the fourth consecutive day of outflows from spot Ethereum ETFs, market optimism regarding its performance continues to grow. The volatility premium of ETH relative to BTC has expanded from last week's 4% to approximately 8%, suggesting the market may be becoming immune to outflow data. A shift toward consistent daily inflows into Ethereum ETFs could drive Ethereum prices higher.
