QCP Capital: Traders are shifting their focus to higher beta meme tokens like DOGE and PEPE

ChainCatcher news, according to QCP Capital analysis, indicates that traders have observed bullish sentiment for ETH, with significant buying activity in 4,000/5,000 ETH call spread options at the end of June. The uncertainty surrounding the potential supply of Mt Gox BTC entering the market in October may hinder BTC's development, while Ethereum (ETH) could benefit from the launch of ETH spot ETFs.

Additionally, traders are shifting their focus to higher beta Meme tokens such as SHIB, DOGE, and PEPE, which have already seen double-digit gains (10-20%) and rank in the top ten for open interest.