Singapore-based QCP Capital, which provides cryptocurrency trading and market maker services, included positive comments for Bitcoin in its weekly analysis shared this morning. The company stated that the weekend was “full of both fear and greed transactions” for Bitcoin.

“Investors are happy to buy the dip”

QCP used the following statements while sharing his analysis that the fear for Bitcoin has disappeared and purchases have started from the bottom:

“The weekend was filled with both fear and greed as BTC was driven down to $64,500 lows. BTC has since bounced back above $67,000, and we’ve seen heavy BTC put selling, which suggests that ‘fear’ has dissipated in BTC, and investors are happy to buy the dip.”

“The market is very nervous about ETH price”

The company’s analysis here, which has a more negative comment for Ethereum than Bitcoin, is as follows:

“ETH is more concerning as perp funding has gone negative and risk reversals continue to show a downside skew. The market is very nervous about ETH price cracking in spite of the continuing rally in alts.”

At the time of writing, Bitcoin is trading at $67,950 and Ether is trading at $3,570.