QCP Capital: Traders are turning their attention to meme tokens with higher beta coefficients such as DOGE and PEPE

QCP Capital: Traders are turning their attention to Meme tokens with higher beta coefficients, such as DOGE and PEPE. According to aChainCatcher report, QCP Capital said that traders have observed bullish sentiment in ETH, and there was a large amount of buying of 4,000/5,000 ETH call spread options at the end of June. Uncertainty about the potential supply of Mt Gox BTC entering the market in October may hinder the development of BTC, while Ethereum (ETH) may benefit from the launch of the ETH spot ETF.

In addition, traders are turning their attention to Meme tokens with higher beta coefficients, such as SHIB, DOGE and PEPE, which have achieved double-digit gains (10-20%) and are ranked in the top ten in open interest.