📈The market has rebounded slightly this week, with BTC and ETH rebounding to $58,000 and $3,100 respectively! QCP Capital analysis pointed out that there are three main reasons behind the rebound: 1️⃣ Inflation has slowed down, market sentiment is positive, and expectations for a rate cut in September are as high as 95%; 2️⃣ The German government has completed the sale of 50,000 BTC; 3️⃣ Spot ETFs have strong demand, with a net inflow of about $1 billion.
Although social media and retail sentiment are still panic, large hedge funds are actively increasing their holdings of BTC, with call option target prices as high as $100,000-120,000. What do you think? Welcome to share your views in the comments section! 💬