QCP: Market narrative is shifting from 'Bitcoin is digital gold' to 'Ethereum is RWA infrastructure layer', ETH may see structural unexpected rise

BlockBeats News: On June 10th, QCP released today's market report, stating that the rise in Bitcoin was mainly boosted by the resumption of US China trade negotiations in London. Although US officials summarized the meeting with vague statements such as "fruitful" and "good meeting" after the meeting, due to the lack of substantial breakthroughs, global risk assets have generally entered a wait-and-see state. At present, the market is still in an uncertain range. Due to the release of US CPI data tomorrow, investors remain cautious. The risk is that if the diplomatic situation remains ambiguous, it may gradually put pressure on the overall risk sentiment. The implied volatility of Ethereum has increased, and the volatility of front-end flat options has climbed to around 70%. The skewness of the options market has also clearly shifted towards a bullish direction, rising by 5 to 6 percentage points. The high funding rate of perpetual contracts further strengthens the bullish atmosphere in the market. The inflow of funds into ETFs indicates that institutional interest is returning. This round of capital rotation suggests that the market narrative is shifting from 'Bitcoin is digital gold' to 'Ethereum is the infrastructure layer of real-world assets (RWA)'. Looking ahead, macro positive factors are accumulating momentum for Ethereum. With the advancement of the GENIUS bill in the US Senate, the launch of Circle's IPO, and the gradual progress in regulating stablecoins, Ethereum's core position in tokenization and settlement infrastructure may usher in a structurally unexpected upward space.