QCP Capital said that amid renewed setbacks in the US-Iran negotiations and a sudden security incident, short-term volatility in the crypto market intensified. After BTC and ETH briefly broke above $79,000 and $2,400, respectively, at the start of trading in Asia, they pulled back. Bitcoin is up about 14% this month, with ETFs seeing net inflows for 9 consecutive trading days totaling about $2.1 billion. The options market indicates that funds have repositioned for an upside move, while the funding rate remains negative; $82,000 is a key resistance level.

BTC1.62%
ETH2.63%
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