Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

QCP Capital: All signs indicate that there will be a rise in July

Bitget2024/07/01 06:05

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.

1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

You may also like

The mini non-farm payroll shows a cooling labor demand, echoing Powell's remarks

Bitget2024/07/03 12:34

The number of initial jobless claims in the United States as of the week of June 29th was 238,000

Bitget2024/07/03 12:31

ADP Report: The year-on-year increase in salaries for employees in June was 4.9%, the lowest increase since August 2021

Bitget2024/07/03 12:29

The mini non-farm payroll is below expectations, labor demand gradually cools down

Bitget2024/07/03 12:27

‌Spot copy trading

More
AIOnline
AIOnline
insight1000/1000
9937.51%
ROI
Total profit $50681.28
WhaleGo_YouTube
WhaleGo_YouTube
insight500/500
1323.16%
ROI
Total profit $3841.97

Bot copy trading

More
GoldenEgg
GoldenEgg
insight142/150
$8535.66
Total profit
Total subscriber profits $-284.87
BGUSER-FFF8CNJ4
BGUSER-FFF8CNJ4
insight8/150
$4174.08
Total profit
Total subscriber profits $-79.9