QCP Capital noted that, due to renewed obstacles in the US-Iran talks and sudden security incidents, short-term volatility in the crypto market has intensified. BTC and ETH briefly broke above $79,000 and $2,400, respectively, during the Asian session before pulling back. Bitcoin is up about 14% this month; ETFs have seen net inflows for 9 consecutive trading days totaling about $2.1 billion. The options market indicates that capital has been reallocated to the upside, while the funding rate remains negative; $82,000 is a key resistance level.

BTC-1,79%
ETH-3,04%
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