According to BlockBeats, on July 10, QCP Capital posted on its official channel that it is currently bullish. The macro background has become more optimistic, and it believes that the cryptocurrency market has bottomed out, and despite huge selling pressure, it is still unable to break through the lows. If tomorrow's CPI data is "positive", it may eventually consolidate the Fed's decision to cut interest rates in September and December. A series of S-1 revisions to the ETH spot ETF may also indicate that ETF trading is about to begin.