QCP Capital: All signs indicate that there will be a rise in July
Singapore's cryptocurrency investment firm QCP Capital posted on social media that BTC rebounded from the $60,000 area to $63,700 after breaking below the $60,000 support level last week, marking the start of the first trading day in the second half of this year. The inflow of funds into BTC spot ETFs also continued to recover, with a net inflow reaching 73 million USD last Friday, which was the highest daily net inflow level in the past two weeks. From a seasonal perspective, BTC's median return rate in July is 9.6%, especially after experiencing negative growth in June (-9.85%). QCP Capital's options trading desk also observed fund flows last Friday and may see an increase following anticipated launch of Ethereum spot ETFs. All signs indicate that July will be bullish.
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