According to Odaily Planet Daily, QCP Capital analysis pointed out that after the German government transferred about $900 million in Bitcoin to the exchange, the price of Bitcoin fell to $55,200 during early trading in the United States on Monday. The market was initially frightened, but quickly rebounded. We saw some signs of a bull market for the following reasons:

1. The exchange later returned $200 million worth of Bitcoin to German police, indicating that the assets did not enter the market.

2. Rapid dip buying shows strong demand, supported by exchange-traded funds (ETFs) inflows of $295 million on July 8, the highest level in 21 days.

3. Despite the lack of liquidity, Bitcoin and Ethereum have set higher lows this week and buying on dips is very active.

QCP Capital pointed out: "The market reacted strongly to the supply movement, indicating speculative selling pressure rather than actual spot demand. This may indicate that the market is overly bearish. A catalyst is needed. The Ethereum spot ETF is expected to start trading around July 15. If it can get a positive response, it may increase liquidity and may surprise the market with an upward trend. It is recommended to deploy out-of-the-money call options (OTM ERKOs) in anticipation of a breakthrough with minimal cash outlay and zero downside risk."