QCP Capital pointed out that BTC has surpassed $122,000, and ETH has risen over 21% to $4,300 in seven days, with market focus shifting to Tuesday's US CPI data. If inflation slows down, it will solidify expectations for a Fed rate cut in September, potentially pushing BTC to new highs. Despite strong upward momentum, traders are actively hedging against downside risks, with volatility increasing. Whether BTC can break through further will depend on institutional funds and Spot ETF.
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