In an analysis article published by Singapore-based cryptocurrency investment firm QCP Capital on August 1st, discussions around bitcoin reserves among US presidential candidates and senators, along with the potential trend of more countries following suit, are expected to have a profound impact on the cryptocurrency market landscape. QCP Capital emphasizes that setting a 'put option' on bitcoin by the US or any sovereign state could significantly influence market prices, encouraging investors to adopt a strategy of buying the dip. Currently, the cryptocurrency market is in a state of tension, with traders continuously monitoring the capital flows of the Ethereum ETF and the potential supply pressures from Mt Gox and the US government. Looking ahead, analysts predict that the cryptocurrency market may remain range-bound until new catalysts emerge, driving the market towards a new stage of development.