QCP Capital: Options data shows that BTC may reach a new high this month, while ETH will catch up after the spot ETF begins trading

ChainCatcher news, QCP Capital stated that BTC spot ETF has seen inflows for 15 consecutive days, reaching $886.1 million yesterday, the second highest in history.

The trading desk observes a strong continuation of bullish sentiment, with a large number of call options expiring in June being bought, indicating market expectations for a breakthrough of the historical high of $74,000 this month.

ETH has lagged behind in this round of increase, but it is expected that after the start of ETH spot ETF trading, ETH will catch up or even surpass BTC.

There may be a large-scale rotation from BTC ETF to ETH ETF, further driving up ETH.