[QCP: Market Turns Cautious Ahead of Fed Meeting, Crypto Assets Focus on Interest Rates and Institutional Fund Flows] Deep Tide TechFlow reports that on July 27, QCP Capital stated the market's focus this week is on the Federal Reserve's interest rate decision meeting. U.S. stock markets showed mixed performance last Friday, with large-cap tech stocks remaining under pressure, while the yield on the U.S. 10-year Treasury note retreated after hitting its highest level since January 2025. The market is closely watching the Fed's latest assessment of inflation and growth prospects. The crypto market has been relatively stable overall in July, but spot ETF fund flows weakened in the latter part of last week. On July 24, U.S.-listed Bitcoin and Ethereum spot ETFs saw a combined net outflow of approximately $311 million, raising concerns about whether institutional funds will continue to provide support. At the same time, the options market indicates a cautious short-term sentiment, with a renewed demand for downside protection among investors. Although positive funding rates and higher Ethereum volatility suggest that market positioning remains somewhat constructive, hedging demand is simultaneously increasing. Overall, the outcome of this week's Federal Reserve meeting is likely to continue to dominate the sensitivity of digital assets to interest rates and risk appetite.