According to TechFlow, QCP Capital said that BTC rebounded from the 60k area to 63.7k at the beginning of the second half of the year, and briefly fell below the 60k support level last week. BTC spot ETFs had a net inflow of $73 million last Friday, the highest single-day inflow in two weeks. According to seasonal data, BTC's median return in July was 9.6%, especially after a negative return in June (-9.85%).
QCP Capital’s options trading desk also saw flows on Friday in preparation for a month-end rally, likely in anticipation of the launch of an ETH spot ETF. All signs point to July being a bullish month.
