QCP Capital pointed out that BTC broke through $122,000, and ETH rose over 21% to $4,300 in seven days, with market focus shifting to Tuesday's U.S. CPI data. If inflation slows down, it will solidify the expectation of a Fed rate cut in September, or help BTC reach new highs. Despite strong upward momentum, traders are actively hedging against downside risks, leading to increased volatility. Whether BTC can further break through will depend on the continued inflow of institutional funds and spot ETFs.