QCP analysis points out that Bitcoin has surged in the short term stimulated by the news of the resumption of US China trade negotiations, but due to the lack of substantial progress, global risk assets are generally in a wait-and-see state. At the same time, Ethereum quietly strengthened, with implied volatility increasing, option skewness turning bullish, perpetual contract funding rates rising, and ETF funds continuously flowing in. QCP pointed out that the market narrative is shifting from BTC to ETH, and with the advancement of the GENIUS Act, the restart of Circle IPO, and the progress of stablecoin regulation, ETH may welcome structural benefits. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=43770