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QCP: Bitcoin may face selling pressure due to Mt. Gox distribution and DMM attack, while Ethereum is bullish

QCP: Bitcoin may face selling pressure due to Mt. Gox distribution and DMM attack, while Ethereum is bullish

CointimeCointime2024/06/01 06:19
By:Cointime

QCP Capital pointed out in its latest market analysis report:

1. Bearish on Bitcoin: potential supply from Mt. Gox distribution (about US$9.6 billion) and selling pressure from DMM being attacked by hackers (about US$305 million);

2. Bullish on Ethereum: Ethereum spot ETF may start trading earlier than expected in June, and the US SEC urges applicants to submit S-1 forms before May 31.

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