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Will July be bullish for Bitcoin and Ethereum?
July could be a strong month for BTC and ETH due to historically positive seasonality. QCP Capital noted that Bitcoin’s average return in July was 9.6%, especially after a negative month in June (-9.85%), Bitcoin options are expected to rise.
Highlighted this seasonal trend and said that improved liquidity could support the market, citing a drop in trading volumes from May to June. Bitcoin started to rise in July, driven by a rebound in ETF inflows.
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