QCP: Bitcoin may face selling pressure due to Mt. Gox distribution and DMM attack, while Ethereum is bullish
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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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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