Odaily News QCP Capital released a market analysis pointing out that the market expects a 70% chance of a rate cut in September, and this optimism is reflected in the continued rise in the stock market, but has not yet been digested by the cryptocurrency market. BTC front-end volatility rose 5 points this morning, and risk reversals favored the upside, indicating that the market expects potential upside volatility. In addition, the German government transferred 10,000 BTC to exchanges and market makers yesterday. The wallet now holds only 15,000 BTC, compared to the initial 50,000 BTC in mid-June, indicating that supply pressures may have eased. With reduced supply, weaker CPI data may be a catalyst for breaking through this range, especially with the upcoming spot Ethereum ETF trading next week, where risk-reward opportunities are expected.