QCP Capital: All signs indicate a bullish July

ChainCatcher news, Singaporean crypto investment firm QCP Capital stated on social media that BTC rebounded from the $60,000 region to $63,700 after breaking below the $60,000 support level last week, marking the first trading day of the second half of the year. The inflow of funds into BTC spot ETFs also continued to recover, with a net inflow of $73 million last Friday, the highest daily net inflow level in the past two weeks.

From a seasonal perspective, the median return rate for BTC in July is 9.6%, especially after experiencing negative growth in June (-9.85%). QCP Capital's options trading desk also observed the fund flows last Friday, which may anticipate a rise following the expected launch of the Ethereum spot ETF. All signs indicate that July will be bullish.