[QCP Capital: ETF spot ETF is still a bullish signal for the market] On June 29, QCP Capital posted on its official channel that the $58,000 to $60,000 range was a strong support level for Bitcoin in the second quarter of this year. However, this time, the market has to deal with the overwhelming supply brought by the unlocking of Mt. Gox and the selling of government agencies. QCP Capital believes that these terrible supply figures may be exaggerated and the market will consolidate sideways within a certain range. Bitcoin may test the lower level of $50,000, but given the general global regulatory relaxation, the interest of TradFi continues to penetrate and the market will find strong support there. ETH spot ETF is still a bullish catalyst. It is likely to start trading in early July. In addition, spot ETFs of other major currencies such as SOL will also cause some excitement.