QCP Capital: The deputy governor of the Bank of Japan downplayed the possibility of another rate hike in the near future, the crypto market recovered but Ethereum still performed poorly

BlockBeats news, on August 8, QCP Capital's latest report pointed out that the deputy governor of the Bank of Japan downplayed the possibility of another interest rate hike in the near future. The crypto market seized the opportunity to recover, but Ethereum (ETH) still performed poorly. There may be an upward limit in the near term. Jump Trading continues to sell Ethereum (21,394 wstETH remaining, about 63.6 million US dollars), and Plus Token Ponzi 2 Ethereum wallet has transferred a total of 25,757 ETH (63.1 million US dollars) in the past 30 hours.

Remain bullish on Bitcoin (BTC) as significant purchases of call options expiring in December and March are seen. Major funds also continue to extend their September call option positions.