QCP Capital: Many signs indicate that July will be a bullish month, such as the recovery of ETF inflows, etc

Singaporean cryptocurrency investment firm QCP Capital stated that last week, BTC briefly fell below the support level of $60,000 but quickly rebounded, soaring from the $60,000 area to $63,700. This kicked off a strong performance for the second half of the year. In terms of capital flow, inflows into Bitcoin spot ETFs are gradually recovering. Last Friday saw a net inflow as high as $73 million USD - this is the highest daily inflow in nearly two weeks. Looking at seasonal trends, BTC's average return rate in July is 9.6%. Particularly noteworthy is that after experiencing negative performance (-9.85%) in June, BTC often has a strong rebound in July. Its options counter also observed capital inflows last Friday; these funds may be preparing for an end-of-month rally and are also anticipating the launch of ETH spot ETFs. Considering all these factors together, many signs indicate that July will be a bullish month.