According to BlockBeats, on July 13, QCP Capital said that the market has regained some stability this week, with BTC and ETH rebounding to the critical $58,000 and $3,100.

The reasons for the rebound include positive macro sentiment and slowing inflation. The market expects a 95% chance of a rate cut in September; the German government's 50,000 BTC sell-off has been completed; and spot ETF demand is strong, with net inflows of approximately US$1 billion this week.

Despite the panic on crypto social media and retail sentiment, large hedge funds are actively buying BTC upside, especially December and March call options with a target price of $100,000-120,000.