Crypto market maker QCP Capital pointed out in its latest market report that although Asian markets rebounded early Monday on the positive news of Hong Kong's approval of Bitcoin and Ethereum ETFs, and Bitcoin prices once again rebounded to nearly $67,000, the U.S. market once again saw a comprehensive sell-off of risky assets. BTC fell below $63,000 again.
It is worth noting that the ETH risk reversal indicator has turned extremely negative (-12%) at the near end, indicating that market sentiment is tense. In addition, the market is currently in an ETH Gamma short state, which means that the sharp fluctuations in ETH prices may be amplified.