According to reports, QCP analysis points out that Bitcoin surged in the short term due to news of the resumption of US-China trade negotiations, but global risk assets remain overall cautious. The implied volatility of Ethereum has risen, with options skew tilted bullish, and the funding rate for perpetual contracts has increased.
QCP points out that the market narrative is shifting from BTC to ETH. With the advancement of the (GENIUS Act), the resumption of Circle's IPO, and progress in stablecoin regulation, ETH may welcome structural benefits.
